Spoofing involves placing orders traders intend to cancel, hoping to create a false sense of market activity that moves prices in a direction they favor, and induce transactions that other traders would otherwise would not make.
NEW YORK -Bank of America has been fined $24 million after two former traders placed phony spoof trades to try to influence the market for U.S. Treasuries, the Financial Industry Regulatory Authority. -November 30, 2023 at 11:57 am EST
- MarketScreener