overwhelmed Tokyo stocks as the Dow Jones Industrial Average marked its second-biggest point drop ever on Thursday due to concern about rising US long-term interest rates.
Investigators at the Autorite des Marches Financiers noticed Obadia systematically matching buy orders
processed by Lemaire for a Dexia fund about five years ago, and looked for connections between the pair.
It is possible they bought shares for their personal accounts at a lower price before they sent out large buy orders
for the SSS's portfolio.
Zinc prices surged to their highest level in almost a decade on Wednesday while aluminium and copper prices were at their highest since 2014 as rises across most industrial metals triggered pre-set buy orders
and a wave of speculative buying.
During the earlier night session, the Chicago Sales Desk of the related entity had placed a series of 'iceberg' buy orders
with no resulting trades.
Based on an investigation spanning 2014 and 2015, the SECP found that a brokerage house and some of its clients were involved in price manipulation of a number of scrips by way of placing large number of non-bona fide orders of small quantity in preopen session, placement of buy orders
at upper lock in preopen session and subsequently cancelling the buy orders
placed in preopen session right at the start of the trading session, thereby creating artificial trading activity.
Based on an investigation spanning 2014 and 2015, the SECP found that a brokerage house and some of its clients were involved in price manipulation of a number of scripts by way of placing large number of non-bona fide orders of small quantity in pre-open session, placement of buy orders
at upper lock in pre-open session and subsequently canceling the buy orders
placed in pre-open session right at the start of the trading session, thereby creating artificial trading activity.
The abridged version of Flash Boys' thesis is this: After the passage of rules forced brokers to get the best price possible for trades executed on behalf of their clients, large sell or buy orders
were rarely executed on one exchange.
The three contracts came under a barrage of buy orders
on speculation that prices will soar due to tight supply stemming from the March 11 quake and tsunami, radiation leaks at the Fukushima Daiichi nuclear plant and July's deluge of rain in major rice-producing prefectures such as Niigata and Fukushima.
The exchange found that two dealers at San-ei's securities department placed buy orders
at limit prices at which they did not intend to execute to cause price moves in TSE-listed stocks, that would be to the advantage of its proprietary trading operation.
Crude oil futures drew brisk buy orders
backed by expectations that demand for energy will grow in light of the recovering world economy, market analysts said.
MU) were untraded on Tuesday, as an overflow of buy orders
sent the stock's daily limit high.