China freezes Citadel's account in stock speculation probe
Investigation is focused on spoofing, a practice that involves placing then cancelling orders to move prices
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Hong Kong
CITADEL Securities, the trading firm started by Ken Griffin, owns one of the 34 accounts frozen by Chinese exchanges as the authorities investigate whether algorithmic traders are disrupting the nation's stock market.
Bourses in Shanghai and Shenzhen have increased the number of suspended accounts from 24 announced on Friday, according to their websites. The probe is focused on spoofing, a practice that involves placing then cancelling orders to move prices. Owners of the other frozen accounts include Infore Capital, a Shenzhen-based asset management company, and YRD Investment Co, a Beijing-based hedge fund.
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
