Smith, a lead gold trader, executed some 38,000 layering sequences over the years, or about 20 a day, prosecutors said in filings. Nowak himself primarily traded options, but he would dip into the futures market to hedge those positions. He tried his hand at layering in September 2009, according to filings, and went on to use the technique some 3,600 times.
While some of the transactions started before lawmakers banned spoofing, the tactic allegedly continued to be widespread with the JPMorgan traders engaging in spoofing more than 50,000 times in almost a decade, prosecutors said.
JPMorgan Gold Desk Ripped Off Market for Years, Jurors Told - Bloomberg
Smith, a lead gold trader, executed some 38,000 layering...
-
- There are more pages in this discussion • 3,786 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add KCN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.35 |
Change
0.060(4.65%) |
Mkt cap ! $347.9M | |||
| Open | High | Low | Value | Volume |
| $1.33 | $1.36 | $1.30 | $900.7K | 678.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2877 | $1.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.37 | 2963 | 1 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| KCN (ASX) Chart |