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They probably made more than a billion USD in profit. Just the cost of doing "business".
by tibbydudeza 6y ago
They probably made more than a billion USD in profit.
Just the cost of doing "business".
- deleted 6y ago[deleted]
- smabie 6y agoThey definitely did not. Spoofing orders isn't going to let you post 1bn. Instead, it will only slightly/moderately improve the alpha of your existing trading operations.
- bradj 6y agoThe entire precious metals desk did $250 million in profit a year. I doubt spoofing is responsible anything close to a majority of that.