Curricula

• Market manipulationDefinition

• Artificial price levels

• Categories of market manipulation

• Information-related manipulation

• Order-related manipulation

• Deal-related manipulation

• Capacity-related manipulation

• Technology-related manipulation

• Algorithmic trading

• Abusive schemes

• Spoofing & Layering

• Wash trades

• Marking

• Cross-market manipulation

• Marker cornering

• Pump & dump  +  trash & cash

• Quote stuffing

• Momentum ignition

• Dissemination of false/misleading info

• Commodity/energy-market specific schemes

• Physical withholding, capacity hoarding, and more

• Regulation, guidance & internal procedures

• Absolute prohibition & obligation, but principles-based approach

• Guidelines – Legally non-binding

• Code of conduct

• Dilemmas

• Conflicts of interest

• Considering circumstances

• Exceptions

• Fair & orderly tradingRules book of trading venues

• Exchanges

• Market supervision

• Practical cases

• Hypothetical cases

• Actual cases; Jurisprudence; Sanctioning