Your buddies from other banks do the same thing, and now instead of working together to get the lowest possible price for your client, you instead submit a series of large buy orders into the market within very short period of time, in order to rapidly bring the rate of EUR / USD up to 1.1340 to ensure that your own profit target is hit,» says Dmitri Chavkerov. (tmcnet.com)
Your buddies from other banks do the same thing, and now instead of working together to get the lowest possible price for your client, you instead submit a series of large buy orders into the market within very short period of time, in order to rapidly bring the rate of EUR / USD up to 1.1340 to ensure that your own profit target is hit,» say Dmitri Chavkerov. (forexbastards.com)
In Panther's case, the CFTC said, the company and Coscia would place a relatively small order to sell futures they wanted to execute, then quickly followed with several large buy orders at successively higher prices that they intended to cancel. (cnbc.com)