JP Morgan’s $920 million fine for having manipulated gold markets with order spoofing was widely ridiculed by observers and deserved to be. The fine represents 0.7% of the bank’s $118.884 billion in revenue last year, and 3% of its 30.6 billion in pre-tax income, and the damage it does to the institution’s reputation is liable … Continue reading How it Works: Order Spoofing, Part Two – Spoofing In The Small Cap Sector
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How it Works: Order Spoofing, Part Two – Spoofing In The Small Cap Sector
JP Morgan’s $920 million fine for having manipulated gold markets with order spoofing was widely ridiculed by observers and deserved to be. The fine represents 0.7% of the bank’s $118.884 billion in revenue last year, and 3% of its 30.6 billion in pre-tax income, and the damage it does to the institution’s reputation is liable … Continue reading How it Works: Order Spoofing, Part Two – Spoofing In The Small Cap Sector