Estrutura de mercado
Spoofing and layering
Orders intended for cancellation make an order book appear deeper or more directional.
Os artigos de investigação e as referências são publicados em inglês. A navegação está disponível em sete idiomas.
Neste artigo
Overview
Orders intended for cancellation make an order book appear deeper or more directional.
Why it matters
Other traders react to liquidity that was never meant to execute.
What to check
Use order-level placement, cancellation and fill records; intent needs evidence.