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Citadel Securities has been fined for stock algorithm trading breaches

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

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