3 ms·
From a place of total ignorance, why would telegraphing a particular false strategy to your competitor in order to get them to respond in a way that is profitab
by tomsthumb 8y ago
From a place of total ignorance, why would telegraphing a particular false strategy to your competitor in order to get them to respond in a way that is profitable to you be illegal?
- smartscience 8y agoAlso, how would you ever prove it?
- 1stcity3rdcoast 8y agoBecause you’re not just telegraphing it to your competitor, you’re moving the entire market and affecting the bid/ask and price transparency for all its participants. That affects liquidity, derivatives, a lot of downstream negatives. That said, there are narrow instances where you can place less-than-real orders in a market [0]... it just has to be a market that is nearly and completely illiquid. [0] https://www.bloomberg.com/opinion/articles/2018-12-04/trying-to-buy-stuff-you-want-is-not-manipulation https://www.bloomberg.com/opinion/articles/2018-12-04/trying...