wash

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Related to Wash Trades: Cross Trade
See: permeate
References in periodicals archive ?
It said he was rewarded with the wash trades, which generated PS258,151 of brokerage fees for Martins.
The FCA said that the purpose of the wash trades was to "make or facilitate brokerage payments to two firms of brokers in recognition of his receipt of personal hospitality".
On a related point, FERC notes that its recently enhanced monitoring and surveillance capabilities have detected trading anomalies that were tied to various forms of market manipulation, including:imited risk or riskless combinations of trades to enhance the value of a position or portfolio, such as wash trades,repetitive, uneconomic physical trading or flows to benefit a position,trading to affect the formation of an index price,withholding physical generation to benefit a financial and/or physical position; and using virtual bids to benefit a financial and/or physical position.