Ordinary is correct Firehawk it is possible and it may be worth your while to do a little more reading on high frequency trading of which the players are spending billions on infrastructure and they certainly wouldn't do that unless the were assuring themselves of many many many multiples of that investment
In July 2013 the US Commodity Futures Trading Commission (CFTC) and Britain's Financial Conduct Authority (FCA) brought a milestone case against spoofing which represents the first Dodd-Frank Act application.[1] A federal grand jury in Chicago indicted Panther Energy Trading and Michael Coscia, a high-frequency trader. In 2011 Coscia placed spoofed orders through CME Group Inc. and European futures markets with profits of almost $1.6 million. Coscia was charged with six counts of spoofing with each count carrying a maximum sentence of ten years in prison and a maximum fine of one million dollars.[6] The illegal activity undertaken by Coscia and his firm took place in a six-week period from "August 8, 2011 through October 18, 2011 on CME Group’s Globex trading platform."[1] They used a "computer algorithm that was designed to unlawfully place and quickly cancel orders in exchange-traded futures contracts." They placed a "relatively small order to sell futures that they did want to execute, which they quickly followed with several large buy orders at successively higher prices that they intended to cancel. By placing the large buy orders, Mr. Coscia and Panther sought to give the market the impression that there was significant buying interest, which suggested that prices would soon rise, raising the likelihood that other market participants would buy from the small order Coscia and Panther were then offering to sell."[1]
Britain's FCA is also fining Coscia and his firm approximately $900,000 for "taking advantage of the price movements generated by his layering strategy" relating to his market abuse activities on the ICE Futures Europe exchange. They earned US$279,920 in profits over the six weeks period "at the expense of other market participants – primarily other High Frequency Traders or traders using algorithmic and/or automated systems."[1]
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