FINRA Issues Cross-Market Report Cards To Halt Spoofing and Layering

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FINRA Issues Cross-Market Report Cards To Halt Spoofing and Layering

Postby kreslik.news » Wed Apr 27, 2016 7:03 pm


The Financial Industry Regulatory Authority (FINRA) has today provided all member firms with its first monthly cross-market equities supervision report cards, aimed at helping them to identify and put a stop to spoofing and layering activity, according to an official press release.

Layering is a term used to refer to entering limit orders with the intended effect of moving the market to obtain a beneficial execution on the other side of the market. Spoofing, meanwhile, refers to entering orders to entice other participants to join on the same side of the market at a price at which they would not ordinarily ... (read more)

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