Pre-Arranged Trades late on Friday?
Sold in huge blocks to lower our GBG price per share?
Any thoughts?
Definition of 'Pre-Arranged Trading'
The buying and selling of futures, options or commodities that occurs between brokers or dealers at an agreed upon price. The practice of pre-arranged trading is illegal under the Commodity Exchange Act and Commodity Futures Trading Commission (CFTC) because it can create an unfair market for other brokers, traders and investors.
For example, two commodity dealers may use pre-arranged trading to execute risk-free trades at set prices rather than at market prices, thereby limiting risk, gaining tax advantages and limiting the market for other participants.