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by adriancr
1661 days ago
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they were fined for 'spoofed' trades which in my view are fake trades - they never intended for them to execute, only to steer the market in a direction they want to fill in orders they had at a profit. if those trades ran the risk of executing they would have probably been cancelled fast and moved further. |
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An order that doesn't execute is not associated with any trade.
JPMorgan were fined for spoofing orders not trades.