Market manipulation and surveillance - a survey of literature and some practical implications
by Jose Joy Thoppan; M. Punniyamoorthy
International Journal of Value Chain Management (IJVCM), Vol. 7, No. 1, 2013

Abstract: Price discovery is the central element of a capital market value chain. Market surveillance becomes a necessity when any deliberate attempt is made at disrupting a free and fair mechanism for price discovery in a stock market. These attempts may be aimed at creating false and misleading signals with respect to the price or demand for a stock or both. This paper reviews the literature on: 1) efficiency and integrity of markets; 2) theoretical, empirical and experimental literature on manipulation; 3) surveillance systems and techniques.

Online publication date: Thu, 24-Jul-2014

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