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Business, 13.10.2021 02:50 2006260

An equity trader has received a large order to buy XXX stock from an institutional client that is to be filled at the closing price that day. The firm's proprietary trading desk has been accumulating that stock during the day, which it will sell to the customer at the closing price. Just prior to the market close, the trader places a sequence of small market orders to drive the closing price up, so the firm can have a larger profit filling the institutional client's order. This is an example of:

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