Spoofing: Spoofing involves placing a large buy or sell order...

Spoofing:

Spoofing involves placing a large buy or sell order with the intention of cancelling it before the order is executed. This deceptive practice creates a false impression of market demand or supply, influencing other traders to act based on the false information.

Market manipulation charges often require proof of intent to manipulate the market. If the accused can demonstrate that their actions were not intentional or that they had no knowledge of the consequences of their actions, it may be a valid defence. They may argue that their conduct was based on a genuine belief in the market’s direction or that they were unaware of the impact of their actions.

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