On ‘Spoofing’
Donald MacKenzie: Spoofing, 21 May 2015
“... been suggestions of a connection between Sarao’s trading and the wild market convulsions of 6 May 2010 that have become known as the ‘flash crash’. The DoJ alleges that between 11.17 a.m. and 1.40 p.m. (Chicago time) a fifth or more of all the orders to sell S&P 500 index futures were Sarao’s. It would be remarkable if a single trader, operating on ... ”