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Day After SEC Charges HFT Trader With Spoofing, Another HFT Spoofer Sends S&P Soaring
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
zerohedge.com / by Tyler Durden on 01/14/2015 21:00
Just yesterday, the SEC charged Canadian Aleksandr Milrud with orchestrating a lucrative market manipulation scheme that relied on “layering” (or “spoofing”) in which a trader places orders solely to trick others into buying or selling at artificially inflated or depressed prices… So we found it ironic that twice today, Nanex exposed examples of the “spoofing” manipulation in crude oil futures (which soared) and S&P 500 e-mini futures (which soared)…
As The SEC statement explained…
The Securities and Exchange Commission today charged a man living in Ontario, Canada, with orchestrating a lucrative market manipulation scheme that relied on “layering” in which a trader places orders solely to trick others into buying or selling U.S. publicly traded stocks at artificially inflated or depressed prices.
The post Day After SEC Charges HFT Trader With Spoofing, Another HFT Spoofer Sends S&P Soaring appeared first on Silver For The People.
Thanks to BrotherJohnF
Source: http://silveristhenew.com/2015/01/14/day-after-sec-charges-hft-trader-with-spoofing-another-hft-spoofer-sends-sp-soaring-2/
