Wash Sales Detection

Neurensic Product Features

scorefeature
Wash Sales and Churning

A wash trade occurs when a trader is both the buyer and seller in the same transaction. This can be done to generate artificial volume, or in the case of churning, to generate commissions for the broker. The Neurensic Wash Trade Detection model looks for opposing orders of the same instrument that were executed at the same time and price by the same trader and account.

See Also

Wash Trading isn’t Victimless

Regulatory Links

ICE Futures US: Wash Trades FAQ, February 2016

CME Rule Rule 534: Wash Trades Prohibited