Spoofing becoming illegal

2rosy said:
What if someone bids 1000s for brent only to really sell a few wti?
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What happens if some Algo computer hits those bids nano seconds later? Am guessing longs be scrambling to get out forcing market to go lower, but all depends on recent activity as well.
 
Handle123 said:
What happens if some Algo computer hits those bids nano seconds later? Am guessing longs be scrambling to get out forcing market to go lower, but all depends on recent activity as well.
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i was referring spoofing correlated markets. the chance of being hit on bogus orders has always been there
 
Good question, do you think if you put a sizable order on brent the spoof effect on WTI would be sizable enough to profit from it? IMO Perhaps on even more correlated or thicker instruments it would work but not on this one...
 
I think it might work actually. The problem is you'd still get yanked even if you weren't getting filled due to the obvious orders being stacked and pulled.

One would have to mask it to appear as an autospreader of some sort (which might even be semi-legitimate given one could claim they were trading Brent vs WTI cross-exchange [dumb because the ICE spread is liquid]). I still think ICE and CME would get in touch with each other though.
 
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