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Re: Virgin Media Phorm Webwise Adverts [Updated: See Post No. 1, 77, 102 & 797]
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In essence as a buyer I can input the maximum price I am prepared to buy at - my buy order could be input as "buy 1000 shares at between 1000p and 1100p" If a seller is prepared to sell to me at that price, the SETS system automatically matches the trade without any negotiation between buyer and seller. A possible methodology for the Phorm stock price to be manipulated. To be clear I have no evidence to suggest if this is happening or not. |
Re: Virgin Media Phorm Webwise Adverts [Updated: See Post No. 1, 77, 102 & 797]
I've been wondering about the myriad of small purchases way above the spread too.
I don't know much about stock market rules, so maybe someone here can help. How does the market prevent stock price manipulation by two traders simply passing small amounts of stock back and forth at above market rates? |
Re: Virgin Media Phorm Webwise Adverts [Updated: See Post No. 1, 77, 102 & 797]
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D_A |
Re: Virgin Media Phorm Webwise Adverts [Updated: See Post No. 1, 77, 102 & 797]
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Code:
The data is not made available to any person. |
Re: Virgin Media Phorm Webwise Adverts [Updated: See Post No. 1, 77, 102 & 797]
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For the more legally minded amongst you market abuse is subject to the burden of proof required in civil proceedings. Insider trading requires a criminal burden of proof which is why there are almost no successful prsecutions of insider trading. On an operational level this kind of activity is tracked through datamining and human surveillance performed by both the LSE and FSA. |
Re: Virgin Media Phorm Webwise Adverts [Updated: See Post No. 1, 77, 102 & 797]
The data in question is that relating to the exchange of information between you and another person (or a web site) with who you intended to have that data exchange, Phorm intercept it and send it to their 'automated system'.
The automated system has an Administrator. He now has access to the data relating to your information exchange. Ergo: they have made the data available to at least one other person who you had not intended to be part of the exchange. It's really quite simple. |
Re: Virgin Media Phorm Webwise Adverts [Updated: See Post No. 1, 77, 102 & 797]
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Re: Virgin Media Phorm Webwise Adverts [Updated: See Post No. 1, 77, 102 & 797]
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D_A |
Re: Virgin Media Phorm Webwise Adverts [Updated: See Post No. 1, 77, 102 & 797]
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a) the automated system keeps records of the raw unprocessed data b) he alters the system so that it keeps records of the raw unprocessed data or forwards them in real time. Unless and until one of these is true, I don't see it being an interception under the technical definition of RIPA. (On a side note, I doubt phorm where that careful when they designed the system they used for the trials, but that could be hard to prove either way now) |
Re: Virgin Media Phorm Webwise Adverts [Updated: See Post No. 1, 77, 102 & 797]
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Re: Virgin Media Phorm Webwise Adverts [Updated: See Post No. 1, 77, 102 & 797]
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There are more methods than I care to recount here that will enable someone to read data passing into and out of a system, there is no requirement for the system to actually store that data for it to be made available to a third party :) |
Re: Virgin Media Phorm Webwise Adverts [Updated: See Post No. 1, 77, 102 & 797]
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I suppose the question I would ask is whether the share price was moving fast enough to justify a premium of 25p/share over the Ask Price on a block of 500 shares (so £125). Or similarly on other Buys above the Ask Price. Do other AIM-listed companies' share prices exhibit similar behaviour? |
Re: Virgin Media Phorm Webwise Adverts [Updated: See Post No. 1, 77, 102 & 797]
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Re: Virgin Media Phorm Webwise Adverts [Updated: See Post No. 1, 77, 102 & 797]
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I'll get around to that one, and some others I've missed, once I've eaten and maybe had a little snooze. It's tough being so popular. :Sun: :sleeping: D_A |
Re: Virgin Media Phorm Webwise Adverts [Updated: See Post No. 1, 77, 102 & 797]
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Alexander Hanff |
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