4 ms·
this is not an accurate analogy. a spoofer's order is legitimate. if someone buys or sells it, the spoofer made a transaction.
by kolbe 10y ago
this is not an accurate analogy. a spoofer's order is legitimate. if someone buys or sells it, the spoofer made a transaction.
- rrrrsss99 10y agoNo, only one order was legitimate. They placed an ask at the top level and then placed 3 bids below the top level. As soon as someone hit the ask, they cancelled the bids. The bids made it look like the market was going up. If the top level bid had been hit first, they still would have cancelled