Spoofing is a form of market manipulation where a trader places fake buy or sell orders, never intending for them to get filled by the market. Spoofing is usually done using algorithms and bots in an attempt to manipulate the market and asset prices by creating a false sense of supply or demand.
Spoofing is illegal across many major markets, including the United States and the United Kingdom.
A few JPM traders were found guilty just this past year……