layering; spoofing
A market manipulation tactic where a trader places a large number of orders with no intention of executing them, then cancels before execution to create a false impression of demand or supply. Used in finance contexts.
見せ板は金融商品取引法で禁止されている。
Layering is prohibited under the Financial Instruments and Exchange Act.
証券取引等監視委員会が見
The Securities and Exchange Surveillance Commission launched an investigation on suspicion of spoofing.
Compound of 見せ (mise, 'showing') + 板 (ita, 'board'), referring to the practice of showing fake orders on the trading board.