DislikedDeutsche Bank Trader Admits To Rigging Precious Metals Markets And some called me mad...... Feeling vindicated, :-) finallyIgnored
snipset:
By placing Spoof Orders opposite the Primary Order, LIEW intended to create a false appearance of supply or demand and induce other market participants to react to this false information in order to move the market price and/or increase the available quantity at the desired price of the relevant futures contract. During the time the Spoof Order was live in the market, or shortly after it was cancelled, LIEW's Primary Order on the other side of the market would often execute at a more favorable price than was otherwise available before the Spoof Order had been placed.
can someone please explain, why the HFT dudes and their collaborators are not all already jailed? I mean that is common technique of HFT