Another DOM Spoof thread. Old news...

[Bad_Badness]

In case you don't already know about it and before you base your tactics on DOM be aware this has been happening for over 30 years now. Here is the latest.

https://www.bloomberg.com/news/arti...-with-spoofing-ex-trader-says?srnd=markets-vp

Probably still happens but not so much and frequent now since, I believe, people get charged for it...

 

[mikeriley]

Never use a DOM, but it does happen.

 

[MacBookProHo]

https://www.bloomberg.com/news/arti...-with-spoofing-ex-trader-says?srnd=markets-vp

That's such a marginal, trace, technical, amount of gains and spoofing.
That would be like someone complaining about sales tax being 7.5% versus 7.55% or 7.60%

It's still wrong, sure, but a very tiny amount.
It's not like they are completely moving the market with their schemes.

 

[schizo]

Yeah, yeah, yeah, but can we also talk about more pressing issues like "front running" and constant "pinging" by the HFTs?

 

[Bad_Badness]

You mean start regulating the order flow so the dark pools and internal matching would be subject to the NBBO requirements?

https://www.bloomberg.com/news/arti...geting-stock-payment-for-order-flow-quicktake

Seems like such a SEC move could have a variety of outcomes, both good and bad for retail traders. I am sure Citidel et al, already have opaque (to the SEC) algos to handle any "requirements" that might come down. After all it is their business to do so.

BTW: only posted it because about every few weeks someone crows about how they discovered DOM and believes they can see into the market and get an edge. Just trying to save them some time. OTH it seems the bots have already moved way beyond DOM spoofing.