Smells like a bear raid
Trading data suggest 2007 effort to manipulate market
By Rachel Ehrenberg, 17:44 PM December 16, 2011
Two extraordinarily large trading days for Citigroup shares in the fall of 2007 hint that someone may have been manipulating the stock, say analysts who mine financial data using powerful computers and mathematical algorithms.
Researchers from the New England Complex Systems Institute in Cambridge, Mass., were examining stock trading data for the period January 2007 to January 2009 when they noticed two unusually large spikes in volume and other measures related to Citigroup shares. On Nov...
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