Market manipulation is prohibited

No one is allowed to manipulate the market. That is why there are four types of acts that are prohibited within the context of trading in financial instruments.

It is prohibited:

• to perform transactions or place orders that send a misleading message concerning the offer, demand and price of a financial instrument; this includes cases in which you merely expect that they might convey such a message;
• to perform transactions or place orders that maintain the price of a financial instrument at an artificial level;
• to perform transactions or place orders which deceive or mislead others when doing so;
• to distribute information that sends an inaccurate or misleading message concerning the offer, demand or price of a financial instrument, while it is clear that the information is inaccurate or misleading.

You can read more about this subject in the brochures on market manipulation and auction manipulation, and in the guideline on manipulative trade patterns. See Links and downloads to the right of this page.