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Broker fined over misleading trades

Algo trading triggers NZX surveillance response.

Tim Hunter
Thu, 14 Mar 2019

Broking firm Macquarie Securities has been fined $20,000 and ordered to pay costs of $5400 after allowing a client to create a false appearance of trading in the market.

In a statement posted to the NZX, the Markets Disciplinary Tribunal said a Macquarie client using direct market access had

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Tim Hunter
Thu, 14 Mar 2019
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Broker fined over misleading trades
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