No, it’s not an exam question, just a rhetorical question. This week, the FSA has, according to the Financial Times, “fired a warning shot across London’s share markets, calling on trading firms to be alert to a practice known as ‘spoofing’, which the regulator fears could be a form of market abuse.”
As industry watcher John Lothian pointed out in the US – where spoofing is better known as flashing – stopping this practice is akin to outlawing bluffing in poker.
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