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- 27 February 2008
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ASX stocks it is classed illegal on forms of "market manipulation"
never looked into other trading vehicles so i got no idea on there "laws"
I do think there are limits however to what you can do, but its all legal .
ASX stocks it is classed illegal on forms of "market manipulation"
never looked into other trading vehicles so i got no idea on there "laws"
It happens every single day with everything. What do you think execution traders do all day?
I do think there are limits however to what you can do, but its all legal and so it should be because what they are doing isn't really "manipulation". The people who put their stop losses at technical points (for example) are not forced to put them there, they aren't forced to exit their positions when price hits that point, they aren't forced to risk their money in the market in the first place. What you do with you money is your choice.
Link?
.
Market misconduct provisions
The current offences contained in Part 7.11, Division 2 of the Law will largely be retained in their current form but will be extended to apply to all financial products. This is intended to cater for future developments where, for example, markets may commence trading products other than securities and futures. These offences include:
Market manipulation;
Creating a false or misleading appearance of trading and fictitious or artificial transactions;
http://www.treasury.gov.au/documents/268/HTML/docshell.asp?URL=chap10.asp
Other sites have better details and info on whats classed as manipulation.
LOL at trying to police it.
I've pulled many orders cause I got spooked... Prove that I didn't get spooked.
The ATO has nothing to do with policing share/derivative market operations
I reckon stock market "spoofters" should be banned. If the order isn't legitimate then hit them with a fine. Spoofers would be identified by pulling their bids/asks on a regular occurrence and shall be fined accordingly.
LOL!! Do you lose a bunch of money whenever you tried to trade off the DOM?
Yes you obviously are.I'm a big suck.
It's a shame we can't meet face to face.Yes you obviously are.
Only someone who is disillusioned by losses would suggest something so incredibly stupid.
It's a shame we can't meet face to face.
Why the hell is that market manipulationI recently read some young bloke has a computer program that enable him to trade millions of shares within a few seconds to take advantage of market conditions and have made tens of millions of dollars.
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