Market manipulation

Trading technicalities, strategies and circumstances

Thursday 2 February 2023, 10:00-16:00 (CET)

Target groups:

  • Professionals with a market access, control and support function, including brokers, traders, originators, dispatchers, shift traders, compliance or surveillance experts, and trading operations experts, as well as plant managers, asset managers and system operators.

Learning objectives:

  • Being able to distinguish categories of market manipulation
  • Understand the criteria of relevance for each specific manipulative scheme
  • Understand the implications of market manipulation
  • Being aware of the relevance of details
  • Being aware of things that absolutely must be avoided

Including:

  • Study materials (handout)

Programme:

  • Categories
    • Transaction-related schemes
    • Order-related schemes
    • Information-related schemes
    • Withholding capacity
  • Specific schemes explained, including:
    • Wash trades
    • Spoofing & layering
    • Marking
    • Cross-market manipulation
    • Pump & dump, trash & cash
    • Physical & economical withholding
    • Dissemination of false or misleading information
  • Intent & impact
    • Price formation
  • Algorithmic trading
    • Specific schemes
    • Governance
  • Fair & orderly trading
    • Behaviours at trading venues & in the OTC markets
    • Exchange rulebooks
  • Prevention & Detection
    • Arrangements, procedures, people & systems
    • Indicators to detect suspicious activity
    • Alert handling & case management
    • Why circumstances matter
      • Activity that could be legal as well as illegal, depending on the situation:
        • Wash trade
        • Choice market
        • Timing
        • Placing & cancelling orders (repetition)


About the Lecturer

Jerry de Leeuw
Jerry de Leeuw, MSc. (founder of Entrima, former trader and author of the books “MAR”, “REMIT” and “Monitoring & surveillance”)



Register for Market manipulation



 

Our Labels

Entrima and Market Abuse Centre (MAC) are the two labels we operate to provide learning services for professionals in the commodity & energy markets.
 
 


Content & Context

Entrima’s mission is to transfer knowledge regarding the business, controls & operations of parties in (or relating to) the wholesale markets.

www.entrima.org


Conduct & Culture

MAC’s mission is to facilitate the prevention & detection of misconduct and to foster proper behaviour in organisations. This is achieved via training, periodic updates and increased awareness.

www.marketabusecentre.com