South Africa's FSCA is probing a market manipulation tactic that uses tiny share trades to move prices and profit from larger derivative bets.
South Africa · MARKETS
Key Facts
—The alleged tactic: Traders use very small trades in the underlying share market to influence prices, aiming to benefit much larger derivative positions such as contracts for difference.
—The regulator: The Financial Sector Conduct Authority is investigating the practice as a form of trade-based market manipulation under South Africa’s existing market-abuse framework.
—JSE referrals:
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