市场结构
Spoofing and layering
Orders intended for cancellation make an order book appear deeper or more directional.
研究文章和参考条目以英语发布。导航提供七种语言。
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.