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All Case Lab cases

Case Lab · Markets surveillance

A market-maker label does not explain the self-cross

Start with the supplied facts and choose the next action before opening the published decision. Synthetic case; no customer data is accepted and no live decision is made.

Case file · Markets surveillance

  1. Offsetting orders share a beneficial owner
  2. Timing and price align across the accounts
  3. A market-making mandate exists but does not explain the self-cross

Your call · Markets surveillance

Your choice comes first

Close the alert because the account is a market maker?

A surveillance episode has a legitimate-business explanation, but that explanation does not account for the strongest trading evidence.

Choose what happens next