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by wbc
1674 days ago
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There's some misunderstanding here. The paper is asserting that the volume is fraudulent, due to wash trading, not that the trades are fake. In your toy scenario, I put 8 on the best bid, you put in 1 more, then I go on another account and hit the bid for 9 volume. 1 of that is legitimate volume, and 8 is fraudulent because I'm trading with myself (aka wash trading). Sure you get your fill, but the paper asserts that the stated volume is too high (in this case by 8). |
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