Spoofing Trial Jury Told Trading Algorithms Guided by Coscia

  • Computer programmer testifies about developing Coscia's plan
  • Trial is first under Dodd-Frank's ban on trader spoofing

Spoofing Law to Get Biggest Test Yet

A former computer programmer for a high-speed trading firm told jurors he received detailed guidance on developing trading algorithms that prosecutors say led to illegal spoofing by principal Michael Coscia.

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