The Traderszone Network

Published in TZ Latest News 13 November, 2015 by The TZ Newswire Staff

From Pits to Algos, an Old-School Trader Makes Leap to Spoofing

Michael Coscia is no one’s idea of a 21st- Century Wall Street wizard. See how he has become the unlikely poster child for the market crime of the moment: spoofing, a kind of electronic pump-and- dump scheme that traders use to profit at others’ expense.