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Australian trader pleads guilty to 'spoofing' in Chicago

An Australian commodities trader pleaded guilty Wednesday in federal court in Chicago to manipulating market prices by placing orders in the millions of dollars, then canceling them within milliseconds so that he could sell smaller orders at a profit.

Jiongsheng "Jim" Zhao pleaded guilty to one...



from Home - Chicago Tribune https://trib.in/2GFzISs
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