Wash and jitney trades If you follow the order book every day you will witness how the price is manipulated by the short sellers.
| Recent Trades - Last 10 of 263 | More trades... |
| 10:03:56 | M | 1.48 | -0.04 | 1 | 14 Virtu ITG | 14 Virtu ITG | |
| 10:02:33 | M | 1.48 | -0.04 | 3 | 14 Virtu ITG | 14 Virtu ITG | |
| 10:02:26 | T | 1.47 | -0.05 | 100 | 124 Questrade | 80 National Bank | K |
| 10:02:21 | T | 1.47 | -0.05 | 100 | 124 Questrade | 53 Morgan Stanley | K |
| 10:02:21 | T | 1.47 | -0.05 | 200 | 1 Anonymous | 53 Morgan Stanley | K |
| 10:02:19 | T | 1.47 | -0.05 | 100 | 1 Anonymous | 53 Morgan Stanley | K |
| 10:01:59 | T | 1.47 | -0.05 | 200 | 1 Anonymous | 80 National Bank | K |
| 10:01:54 | D | 1.47 | -0.05 | 5 | 14 Virtu ITG | 14 Virtu ITG | E |
| 10:01:54 | D | 1.47 | -0.05 | 10 | 80 National Bank | 80 National Bank | E |
| 10:01:54 | X | 1.47 | -0.05 | 600 | 1 Anonymous | 39 Merrill Lynch | K |
What is stop hunting?
Stop hunting is a strategy that attempts to force some market participants out of their positions by driving the price of an asset to a level where many individuals have chosen to set stop-loss orders. The triggering of many stop losses at once typically creates high volatility and can present a unique opportunity for investors who seek to trade in this environment.
The volatility creates opportunities for traders to open a long position at a discount or pile onto a short position
What Is wash trading?
Wash trading is a process whereby a trader buys and sells a security for the express purpose of feeding misleading information to the market. In some situations, wash trades are executed by a trader and a broker who are colluding with each other, and other times wash trades are executed by investors acting as both the buyer and the seller of the security.
Wash trading misleads investors into believing that trading volumes for a security are higher than they actually are.
What Is a Jitney?
The term is used to refer to a type of market manipulation in which brokers trade securities back and forth with one-another in order to earn commissions and artificially produce the appearance of high trading volume.
In this case it defines some brokers that collude with one-another to exploit their clients and other market participants through various schemes.