An Overview of Market Manipulation

Forthcoming in: Handbook of Corruption and Fraud in Financial Markets: Malpractice, Misconduct and Manipulation

46 Pages Posted: 14 Jun 2019

See all articles by Tālis J. Putniņš

Tālis J. Putniņš

University of Technology Sydney (UTS); Stockholm School of Economics, Riga

Date Written: October 1, 2018

Abstract

In this chapter, I describe the various forms of market manipulation, ranging from classical pump and dump schemes, bear raids, and painting the tape, through to recent forms of manipulation such as spoofing, layering, pinging, and quote stuffing. I discuss the defining elements of market manipulation, including recent legislative changes that seek to keep pace with the changing nature of market manipulation. Finally, I review what is and is not known on the topic of market manipulation based on academic studies, discuss the challenges of analyzing market manipulation, and suggest future research directions.

Keywords: market manipulation, spoofing, layering, pump and dump, painting the tape, bear raid

Suggested Citation

Putnins, Talis J., An Overview of Market Manipulation (October 1, 2018). Forthcoming in: Handbook of Corruption and Fraud in Financial Markets: Malpractice, Misconduct and Manipulation. Available at SSRN: https://ssrn.com/abstract=3398258

Talis J. Putnins (Contact Author)

University of Technology Sydney (UTS) ( email )

PO Box 123
Broadway
Sydney
Australia
+61 2 9514 3088 (Phone)

Stockholm School of Economics, Riga ( email )

Strelnieku iela 4a
Riga, LV 1010
Latvia
+371 67015841 (Phone)

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