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[–]ratsmack[S]0 points
2 points
2 points
(+2|-0)
ago
US authorities allege that Mr Sarao, who traded from his parents' house in Hounslow, west London, is guilty of "spoofing". That describes the practice of placing large orders that manipulate the markets and then cancelling or changing them, allowing him to buy or sell at a profit.
In other words, doing the same thing as all of the big trading firms in the US... he's just a little guy that can be used as a scapegoat though.
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[–] ratsmack [S] 0 points 2 points 2 points (+2|-0) ago
In other words, doing the same thing as all of the big trading firms in the US... he's just a little guy that can be used as a scapegoat though.