[arcticbull]

> They didn’t spoof trades. They placed orders without the intent of trading anything.

That's the definition of a spoof trade. [1]

> Spoofing is a form of market manipulation in which a trader places one or more highly-visible orders but has no intention of keeping them.

[1] https://www.investopedia.com/terms/s/spoofy.asp

[caffeine]

I think you misunderstood GP - he is saying they didn’t spoof trades, ie order executions, which is correct because you can’t spoof trades.

You are talking about spoofed orders.

A spoofed trade doesn’t really exist - the closest thing would be a wash trade, where you trade with yourself to make other people think a price is trading.

[arcticbull]

I see your point, and thank you for the clarification. I've often heard this referred to as "spoof trading" and "spoof orders" interchangeably. I could be mistaken, of course. For instance [1].

[1] https://constantinecannon.com/practice/whistleblower/whistle...

[bboreham]

Cross that website off your list of useful definitive sources.

“Order” is before execution, “trade” is after.