Essays
Market Abuse
2 essays on Market Abuse.
Market Abuse
Order Types: Nine Names for Three Instincts
Priya's about to buy Tata Motors on Zerodha.
Priya's about to buy Tata Motors on Zerodha. Jake's about to buy Tesla on Robinhood. Neither of them is choosing between nine order types — they're each answering the same question three different ways: how badly do you want this, right now?
Surya · 8 min read
Market Abuse
SPOOF EPISODE · BID SIDE
5 Bid Layers Placed26,800 SHARES
99.9799.9599.9399.9199.89
Genuine Ask Fills100.02 × 2,000
All 5 Layers Cancelled≤90 TICKS LATER
13× FAKE VS. REAL4 REGULATORS, 1 PATTERN
What Spoofing Actually Looks Like, Order by Order
The fake order is the bait. The real trade happens elsewhere.
Spoofing is easy to define and hard to see. The evidence isn't in any single order's size — it's in when five unrelated-looking orders all get cancelled at once.
Surya · 5 min read