rsh01
Experienced member
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Saw this on ET forum:
"Two Norwegian day traders have been handed suspended prison sentences for market manipulation after outwitting the automated trading system of a big US broker.
The two men worked out how the computerised system would react to certain trading patterns – allowing them to influence the price of low-volume stocks..."
orig story
Norwegians convicted for outwitting trading system - FT.com
(if you go via google you do not have register: http://www.google.co.uk/search?q=no...s=org.mozilla:en-US:official&client=firefox-a)
The conviction was reversed on appeal 02/05/2012:
http://united-europe-news.blogspot.co.uk/2012/05/uk-finance-norways-high-court-landmark.html
"Two Norwegian day traders have been handed suspended prison sentences for market manipulation after outwitting the automated trading system of a big US broker.
The two men worked out how the computerised system would react to certain trading patterns – allowing them to influence the price of low-volume stocks..."
orig story
Norwegians convicted for outwitting trading system - FT.com
(if you go via google you do not have register: http://www.google.co.uk/search?q=no...s=org.mozilla:en-US:official&client=firefox-a)
The conviction was reversed on appeal 02/05/2012:
http://united-europe-news.blogspot.co.uk/2012/05/uk-finance-norways-high-court-landmark.html
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