3 ms·
No it isn't, spoofing is feigning trading behaviour. Providing data that another company illegitimately bases their trades on isn't trading.
by Chris2048 8y ago
No it isn't, spoofing is feigning trading behaviour.
Providing data that another company illegitimately bases their trades on isn't trading.
- doovd 8y agoYes it is. Placing orders you don't intend to be executed is spoofing. From the OP: "faked a bunch of activity"
- Chris2048 8y agoI assume they mean phone network activity, not market trading activity.
- gamblor956 8y agoSorry, should have been more specific. As I understand it, no trades were made--they just spoofed whatever activity their competitor was looking at, so it wasn't illegal (but then again, I was hearing the story second-hand).