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Thx Andrew.
The 5 or more price levels are changing unbelievablely fast for manual
changing. Wouldn't another name for "spoofing" be called
"Phantom orders"? Which is illegal per Globex. Yes I did observe
often that the bid size outnumbered the offer size and in an instant the
bid size drops dramatically along with the price. And I'm talking at
least a bid size of up to 5x the offer size.
Since it's all about money. You would think a large competitor would
nail that "spooffer" because the bid size does stay from 5 to 15 seconds.
What's the max order size allowed for electronic trading?
TIA,
dom
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