Criminal forms of high frequency trading on the financial markets.
Section 90(1) of the UK Financial Services Act 2012 criminalises the creation of a false or misleading impression in financial markets. In the absence of any criminal prosecutions under this section to date, the potential scope of the new criminal offence remains moot especially in the context of hi...
| Publicado en: | Law & Financial Markets Review Vol. 9; no. 2; pp. 113 - 120 |
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| Autores principales: | , , , |
| Formato: | Artículo |
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Taylor & Francis Ltd
2015
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=110034902&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 110034902 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 17521440 3PXB jtl: Law & Financial Markets Review issn: 17521440 maglogo: N pubinfo: dt: 2015 vid: 9 iid: 2 pid: 377 pub: Taylor & Francis Ltd artinfo: ui: 110034902 10.1080/17521440.2015.1052670 ppf: 113 ppct: 7 formats: tig: atl: Criminal forms of high frequency trading on the financial markets. aug: au: Fisher, Jonathan Clifford, Anita Dinshaw, Freya Werle, Nicholas affil: London School of Economics su: United Kingdom Swift Trade Inc. United States. Dept. of Justice Crime Great Britain-United States relations Financial markets Order flow (Securities) Securities trading sug: subj: Crime United Kingdom Swift Trade Inc. United States. Dept. of Justice Securities Brokerage Investment Banking and Securities Dealing Securities and Commodity Exchanges Great Britain-United States relations Financial markets Order flow (Securities) Securities trading ab: Section 90(1) of the UK Financial Services Act 2012 criminalises the creation of a false or misleading impression in financial markets. In the absence of any criminal prosecutions under this section to date, the potential scope of the new criminal offence remains moot especially in the context of high frequency trading where market participants develop trading strategies using algorithmic computer programs which are designed to profit from very small movements in share prices which have been generated by a series of high-speed purchases and sales, or short sales and subsequent purchases. Notwithstanding the fact that section 90 does not reference high frequency trading, the statutory language is sufficiently broad to capture high frequency trading strategies where it can be shown that they have created a false or misleading impression as to the price or value of the company share which has been, or is being, traded. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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