見みせ玉ぎょく

noun

layering; spoofing

Finance term for a market manipulation tactic: placing large orders with no intention of execution, then cancelling them to create a false impression of supply or demand. Similar to 見せ板 (みせいた).

See also: 見せ板 (みせいた)

• 見みせ玉ぎょくは金きん融ゆう商しょう品ひん取とり引ひき法ほうで禁きん止しされている。

  Layering is prohibited under the Financial Instruments and Exchange Act.

• 証しょう券けん会がい社しゃが見みせ玉ぎょくを行おこなったとして処しょ分ぶんを受うけた。

  The securities firm was sanctioned for engaging in spoofing.