" JPMorgan Gold Desk ‘Spoofing’ Cheated Market, Ex-Trader Says [...] In data from January 2012, data show Nowak put in orders to sell five gold contracts valued at around $800,000, followed by orders to buy 80 contracts valued at $13 million, which at the time accounted for more than a third of the orders visible to the market, Jackman said. After prices rose, Nowak executed all five sell orders and canceled all the buy orders, Jackman said, adding that the entire episode lasted less than 15 seconds. [...] "