Security Market Manipulation

被引：11
|
作者：
Spatt, Chester [1 ,2 ]
机构：
[1] Carnegie Mellon Univ, Tepper Sch Business, Pittsburgh, PA 15213 USA
[2] Natl Bur Econ Res, Cambridge, MA 02138 USA
来源：
ANNUAL REVIEW OF FINANCIAL ECONOMICS, VOL 6 | 2014年 / 6卷
关键词：
manipulation; trading tactics; short selling; opening/closing prices; sniping; quote stuffing; STOCK-PRICE MANIPULATION; OPTION GRANTS; INFORMATION; DISCOVERY; LIQUIDITY; AUCTIONS;
D O I：
10.1146/annurev-financial-110613-034232
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This article uses a variety of contemporary developments to address artificial market pricing and market manipulation. It examines a variety of modern trading tactics and manipulation strategies in the context of trading and order mechanics. For example, I raise the connection between so-called best execution, cancellation rates, and manipulation. I explore the connection between manipulation and short exposures as well as potential connections between Federal Reserve policies and artificial pricing. I also examine the nature of market manipulation in different facets of the trading day and the transitions among these.
引用
收藏
页码：405 / 418
页数：14
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