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dpark • today at 4:23 PM • 1 reply • view on HN

It sounds like the exchange consumes bids, not just closed transactions. So these companies were basically publishing fraudulent bids that never completed.

I can’t tell from the article if they were bidding on each others eggs or bidding on other farmers eggs and then canceling.


Replies

frmersdog • today at 6:20 PM

Just par for the course. Stock spoofing is rampant, and securities markets are built on "failing to deliver" purchased shares.

https://www.goodreads.com/book/show/57573604-naked-short-and...

https://www.dtcc.com/products-and-services/clearing-settleme...