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Spoofing

What is spoofing in level II?

Spoofing is kind of the opposite thing of a hidden order. With spoofing, somebody enters a big order that then appears on the level II. The purpose is to mislead other traders that are trying to interpret the level 2. However, when the order is about to be executed, the trader will quickly cancel it. 

 

Keep in mind that spoofing is illegal! 

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Video: Spoofing at 07:20

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