New Posts For Thread: Spoofing...https://community.betfair.com/general_betting/go/thread/view/94082/30487825/spoofingInteresting story this week about Navinder Singh Sarao who is being prosecuted due to "market manipulation" in US financial markets... I don't know the exact details as to whether it was manipulated with an element of risk, or not, but got me thinkiEvery day it happens on here on horse racing. Large sums are put up on the right hand side with the express intent of laying the horse. The money disappears after a short time with nothing being matched but the individual(s) having laid at the shortehttps://community.betfair.com/general_betting/go/thread/view/94082/30487825/spoofing?post_id=544599629#544599629Every day it happens on here on horse racing. Large sums are put up on the right hand side with the express intent of laying the horse. The money disappears after a short time with nothing being matched but the individual(s) having laid at the shorteTue, 05 May 2015 16:36:38 -0500the guy put in valid orders....he can always get hit, he has his own money at risk......no problem at all happens all the time also he did not cause a crash, all bs..... that move was just random market noise, got corrected soon, nobody cares.....somhttps://community.betfair.com/general_betting/go/thread/view/94082/30487825/spoofing?post_id=544573643#544573643the guy put in valid orders....he can always get hit, he has his own money at risk......no problem at all happens all the time also he did not cause a crash, all bs..... that move was just random market noise, got corrected soon, nobody cares.....somSun, 03 May 2015 18:32:34 -0500the guy is being scapegoated.I doubt it happens on bf and if it does it's much of a problem.Although big orders just below the market do tend to move it. You could spoof the market, but risky IMO. I wouldn't do it.https://community.betfair.com/general_betting/go/thread/view/94082/30487825/spoofing?post_id=544562811#544562811the guy is being scapegoated.I doubt it happens on bf and if it does it's much of a problem.Although big orders just below the market do tend to move it. You could spoof the market, but risky IMO. I wouldn't do it.Sun, 03 May 2015 00:21:13 -0500iirc brendan it was on the day of the last UK election - which would be a good time to spook a market.https://community.betfair.com/general_betting/go/thread/view/94082/30487825/spoofing?post_id=544557211#544557211iirc brendan it was on the day of the last UK election - which would be a good time to spook a market.Sat, 02 May 2015 14:25:04 -0500think he means why the market got fooked from this spoofing behaviour when underlying value didnt radically change in the 10 minutes of the flash crash. Someone was believing the spoofing of a guy in his bedroom was good reason to drop the index 100https://community.betfair.com/general_betting/go/thread/view/94082/30487825/spoofing?post_id=544548217#544548217think he means why the market got fooked from this spoofing behaviour when underlying value didnt radically change in the 10 minutes of the flash crash. Someone was believing the spoofing of a guy in his bedroom was good reason to drop the index 100Sat, 02 May 2015 03:35:58 -0500The whole point is that you CAN'T accept any deviations from underlying value caused by spoofing, because as soon as you try to, they disappear. That's why Sarao resorted to the techniques which got him arrested.https://community.betfair.com/general_betting/go/thread/view/94082/30487825/spoofing?post_id=544548017#544548017The whole point is that you CAN'T accept any deviations from underlying value caused by spoofing, because as soon as you try to, they disappear. That's why Sarao resorted to the techniques which got him arrested.Sat, 02 May 2015 02:42:24 -0500pretty ridiculousspoofing only has an impact on people that are easy to manipulateeverybody else trades stocks or bets based on his valuation and happily accepts deviations from underlying value caused by the spoofed or zoooted amateur players in thehttps://community.betfair.com/general_betting/go/thread/view/94082/30487825/spoofing?post_id=544533925#544533925pretty ridiculousspoofing only has an impact on people that are easy to manipulateeverybody else trades stocks or bets based on his valuation and happily accepts deviations from underlying value caused by the spoofed or zoooted amateur players in theThu, 30 Apr 2015 18:33:48 -0500DStyle:i struggle with the idea that you place or present an order on an exchange that you can guarantee will never be taken.My understanding is that, at least on the Chicago exchange on which Sarao was trading, orders are filled sequentially ratherhttps://community.betfair.com/general_betting/go/thread/view/94082/30487825/spoofing?post_id=544532791#544532791DStyle:i struggle with the idea that you place or present an order on an exchange that you can guarantee will never be taken.My understanding is that, at least on the Chicago exchange on which Sarao was trading, orders are filled sequentially ratherThu, 30 Apr 2015 16:38:47 -0500he had 4m "on loan for trading" or something similar, i read some where. didnt say where from, just googled, doesnt say wher it came from (could be himself from offshore?)Sarao was granted conditional bail on sureties of £5m from himself and £50,00https://community.betfair.com/general_betting/go/thread/view/94082/30487825/spoofing?post_id=544529423#544529423he had 4m "on loan for trading" or something similar, i read some where. didnt say where from, just googled, doesnt say wher it came from (could be himself from offshore?)Sarao was granted conditional bail on sureties of £5m from himself and £50,00Thu, 30 Apr 2015 13:42:50 -0500Very interesting link that Brendanuk1, thanks for posting that.From that document if I understood correctly he was placing 5-6 simultaneous spoofs in a layering technique. Using one of the examples, he had 500-600 lots and a price of circa 1150. Sohttps://community.betfair.com/general_betting/go/thread/view/94082/30487825/spoofing?post_id=544529163#544529163Very interesting link that Brendanuk1, thanks for posting that.From that document if I understood correctly he was placing 5-6 simultaneous spoofs in a layering technique. Using one of the examples, he had 500-600 lots and a price of circa 1150. SoThu, 30 Apr 2015 13:26:10 -0500