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Catchword for “banging the close”
Catchword: banging the close
Filed under: , ,
Part of speech: n.
Quotation: The CFTC alleges that the defendants employed a manipulative scheme commonly known as “banging” or “marking” the close. “Banging the close” refers to the practice of acquiring a substantial position leading up to the closing period, followed by offsetting the position before the end of the close of trading for the purpose of attempting to manipulate prices.
Article or document title:
“CFTC charges Dutch group Optiver with manipulation of Nymex energy futures market” (URL)
Article, document, publication, web site:
HedgeWeek
Date of publication:
Ju;y 24, 2008
This catchword has yet to be researched.
Posted 27 Jul 08 | Permalink | Tell a Friend

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