Is quote stuffing legal?
High-speed computers have been buying and selling stocks and then immediately canceling the orders.
This happens when someone places huge orders to buy and sell stocks and then cancels the orders immediately. Believe it or not, that split-second trade could cause stock prices to swing.
Quote stuffing is the latest round of funny business that can happen as high-speed trading takes in the stock market. This ultra-fast trading now accounts for two-thirds of market volume, the Journal reports.
The SEC is looking into how high-speed trading was involved in the May 6 "flash crash," and is expected to have a report out this month, the Journal reports.
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All hail the bull market, which ended the week with a big rally. But it also is starting to look a little like 1987, which suffered an epic blow-out.
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