Bullshit scapegoat propoganda

Are they really saying that this lone guy was the only one doing layering? Its the most obvious HFT strategy and big institutions probably do it all the time. Sounds like another case of regulators only going after the little guy. His mistake was that he didnt do this as an employee of a bank.

Quote from: monsterer on April 26, 2015, 09:15:47 PM
You can see this behaviour all the time in the bitcoin markets - just watch any of the big exchanges through bitcoinwisdom so you can see the book and the price. It's commonplace.

Yep .. just wanted to point out this article and let the community figure out that having to pay a transaction fee to "put" an order is a good thing ..

Quote from: xeroc ¯\_(ツ)_/¯ on April 26, 2015, 08:59:48 PM
http://www.bloombergview.com/articles/2015-04-21/guy-trading-at-home-caused-the-flash-crash

"Why Nav Sarao had to be destroyed : He Found A Way To Beat The HFTs At Their Own Game", http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2015/04/Sarao%20response%20letter.pdf

Quote"...you showed the broken system that it can be beaten, and explained how. As a result, the only response the broken system had was to put you away for good."

https://twitter.com/nanexllc/status/591582895841669120

Then ZH began doing this, daily http://www.zerohedge.com/news/2015-04-22/dear-cftc-market-manipulating-spoofing-taking-place-e-mini-just-today

You can see this behaviour all the time in the bitcoin markets - just watch any of the big exchanges through bitcoinwisdom so you can see the book and the price. It's commonplace.

http://www.bloombergview.com/articles/2015-04-21/guy-trading-at-home-caused-the-flash-crash