AUSSIE TECH AND KNOW-HOW PINS HFT BANDITS – CMCRC

Australian technology and analysis has been used to crack a case involving traders using high-frequency strategies to manipulate markets in Europe and the UK.
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