Wash trading: Difference between revisions
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Wash trades are a form of market abuse involving fictitious transactions used to give a false impression of price or market activity. | Wash trades are a form of market abuse involving fictitious transactions used to give a false impression of price or market activity. | ||
<span style="color:#4B0082">'''''Typical wash trade'''''</span> | |||
:"A typical wash trade involves a purchase and sale of securities that match in price, size and time of execution, and which involves no change in beneficial ownership or transfer of risk." | :"A typical wash trade involves a purchase and sale of securities that match in price, size and time of execution, and which involves no change in beneficial ownership or transfer of risk." | ||
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* [[Spoofing]] | * [[Spoofing]] | ||
* [[Squeeze]] | * [[Squeeze]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
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Revision as of 09:59, 26 February 2020
Conduct risk - financial markets
Wash trades are a form of market abuse involving fictitious transactions used to give a false impression of price or market activity.
Typical wash trade
- "A typical wash trade involves a purchase and sale of securities that match in price, size and time of execution, and which involves no change in beneficial ownership or transfer of risk."
- The Treasurer magazine, September/October 2017, p36-37 - Gerry Harvey, chief executive of the FICC Markets Standards Board (FMSB).
