easy · Order Flow Analysis market-mechanics-execution

Internal communications state that displayed orders should never fill and are meant to move price.

What is the legally careful beginner conclusion for surveillance example 7?

  1. Every large, multi-level, or canceled order is automatically unlawful and predictive without examining pre-entry intent, fills, messages, or surrounding conduct
  2. Orders meant to move price are bona fide if entered electronically
  3. The messages alone guarantee a final legal finding without reviewing other evidence
  4. The facts support a potential spoofing review because they include evidence of pre-entry intent to cancel before execution

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