Spoofing inside Deutsche Bank

<p>Recently Deutsche Bank was implicated in another scandal and they were <a href="https://www.complianceweek.com/regulatory-enforcement/deutsche-bank-to-pay-130m-to-settle-bribery-spoofing-charges/29906.article">made to pay</a> $130 million for their misdeeds. And while this isn’t news per se, a federal court charged them for engaging in something called spoofing. So in a bid to uncomplicate matters and explain this technical trading term, we thought we could look at the mechanics of spoofing and understand why it’s categorized as an illegal activity.</p>