Spoofing and Front Running

This type of trading now represents 70% of the volume –  but it adds liquidity!  (Yeah right)

That the firm took matters into its own hands shows how deeply the electronic bait-and-switch scheme has penetrated the global marketplace—and how slow regulators have been to root it out. The firm’s efforts, disclosed in a court filing in November, enabled Citadel to detect suspicious orders and, in a blink, pull back from trading.

Source: Spoofing fight draws Chicago’s Citadel, Vertex – Finance News – Crain’s Chicago Business

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