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What is Spoofing?

Placing orders with the intent to cancel them before they execute, to mislead other participants about supply or demand. Illegal in US futures markets.

In context

Spoofing means placing a bid or offer with the intent to cancel it before it executes. The usual purpose is to create a false impression of supply or demand so that other participants react, while the spoofer trades on the opposite side at a better price.

From Chapter 10: Liquidity, the Order Book and the Tape

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Education only. Not financial advice. Trading involves substantial risk of loss.