A well-managed financial market of stocks,commodities,derivatives,and bonds is crucial to a country’s economic growth.It provides confidence to investors,which encourages the inflow of cash to ensure good market liqu...A well-managed financial market of stocks,commodities,derivatives,and bonds is crucial to a country’s economic growth.It provides confidence to investors,which encourages the inflow of cash to ensure good market liquidity.However,there will always be a group of traders that aims to manipulate market pricing to negatively influence stock values in their favor.These illegal trading activities are surely prohibited according to the rules and regulations of every country’s stockmarket.It is the role of regulators to detect and prevent any manipulation cases in order to provide a trading platform that is fair and efficient.However,the complexity of manipulation cases has increased significantly,coupled with high trading volumes,which makes the manual observations of such cases by human operators no longer feasible.As a result,many intelligent systems have been developed by researchers all over the world to automatically detect various types of manipulation cases.Therefore,this review paper aims to comprehensively discuss the state-of-theart methods that have been developed to detect and recognize stock market manipulation cases.It also provides a concise definition of manipulation taxonomy,including manipulation types and categories,as well as some of the output of early experimental research.In summary,this paper provides a thorough review of the automated methods for detecting stock market manipulation cases.展开更多
基金This work was supported in part by the RHB-UKM Endowment Fund through Dana Endowmen RHB-UKM under Grant RHB-UKM-2021-001in part by the Universiti Kebangsaan Malaysia through the Dana Padanan Kolaborasi under Grant DPK-2021-012.
文摘A well-managed financial market of stocks,commodities,derivatives,and bonds is crucial to a country’s economic growth.It provides confidence to investors,which encourages the inflow of cash to ensure good market liquidity.However,there will always be a group of traders that aims to manipulate market pricing to negatively influence stock values in their favor.These illegal trading activities are surely prohibited according to the rules and regulations of every country’s stockmarket.It is the role of regulators to detect and prevent any manipulation cases in order to provide a trading platform that is fair and efficient.However,the complexity of manipulation cases has increased significantly,coupled with high trading volumes,which makes the manual observations of such cases by human operators no longer feasible.As a result,many intelligent systems have been developed by researchers all over the world to automatically detect various types of manipulation cases.Therefore,this review paper aims to comprehensively discuss the state-of-theart methods that have been developed to detect and recognize stock market manipulation cases.It also provides a concise definition of manipulation taxonomy,including manipulation types and categories,as well as some of the output of early experimental research.In summary,this paper provides a thorough review of the automated methods for detecting stock market manipulation cases.
