Prices Manipulation
What counts as market manipulation on the exchange and the consequences of being flagged for it.
Trading activity is monitored for manipulation
To prevent and detect market manipulation, the trading system controls operations with financial instruments.
What counts as manipulation
Market manipulation is understood as actions bearing signs of non-market behavior among trading participants:
- Execution of operations with financial instruments by prior collusion between trading participants, in order to distort the price.
- Multiple placing of orders without the purpose of transactions.
- Multiple placing of orders and execution of transactions with participants by prior collusion, in order to mislead other participants about the price of a financial instrument.
Consequences
Trading can be blocked
The trading system reserves the right to block trading for any participant showing an exhaustive number of the signs above, and to issue a withdrawal request. Before blocking, the participant is sent a notice of suspension of trading, with a request to explain the economic sense of the transactions being executed.