From ACT Wiki
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.
- "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).