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Citadel Securities has been fined for stock algorithm trading breaches
South Korea’s financial regulator the Financial Services Commission (FSC) has fined US-based Citadel Securities nearly 12bn KRW (approx 9.7bn USD) saying the firm disturbed the local stock market with high-frequency algorithm trading.Financial Services Commission (FSC) statement said, in summary:
- the firm had distorted stock prices with artificial factors, such as orders on the condition of “immediate or cancel” and by filling gaps in bid prices
- firm carried out such tradin... Read More
Posted: Jan 27 2023, 02:23
Author Name: forexlive
Views: 092163