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Manipulative trading- LCMIf you look at Level 2 for LCM, a computer program has been repeatedly entering an order to buy 20 shares at 7.86 on NASDAQ or ARCA and then cancels it within a second. This has happened hundreds of times. I'm not sure what the reason is, but it is surely manipulative. That is why I think the SEC should mandate a trade cancellation fee be charged once a certain threshold is reached. (E.g. Allow 5 cancellations a day for free after that a charge would apply). |
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Msg # | Subject | Author | Recs | Date Posted |
16144 | Re: Manipulative trading- LCM | gjunk3 | 1 | 1/29/2016 1:22:27 PM |