AUSSIE TECH AND KNOW-HOW PINS HFT BANDITS – CMCRC
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Based on the expert testimony of CMCRC CEO Mike Aitken, in conjunction with technology developed by CMCRC, the High Court of Justice of England fined three companies and three individuals a total of GBP£7,570,000 (AUD$16,283,714) for using techniques involving order book manipulation, wash trading and layering to manipulate the London Stock Exchange as well as multiple Multilateral Trading Facilities (MTFs).
Source: Mondovisione