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The order flow is usually public. If a broker were to intercept a client order in flight to pocket the difference, it would be called front running and it is i
by gpderetta 5y ago
The order flow is usually public. If a broker were to intercept a client order in flight to pocket the difference, it would be called front running and it is illegal in most places.
Crypto is not regulated, so the order book could be completely fictional and there would be no recourse.
- erwincoumans 5y agoThanks, that clarifies things. If so, crypto exchanges such as Coinbase could make a lot of money this way.
- e40 5y agoIIRC, I’ve seen posts about them doing just this. I have no idea if it is true, though.