Market manipulation Ineo entered into a market-making agreement to have Independent Trading Group (ITG) buy and sell securities of the firm for the purposes of maintaining an orderly market. Ineo will pay ITG for a $5000 per month for a minimum of 3 months. Services will start today, Nov 9, 2021 and will continue beyond 3 months if neither party cancels the agreement.
https://ca.finance.yahoo.com/news/ineo-announces-engagement-market-maker-120000845.html I realize that in the scheme of things, this is a very small amount. However, I wonder why it has been initiated. Who benefits from this? I would prefer management concentrating on expanding the business rather than concern for the share price. A strong share price will follow form good execution.