LSE Investigates 'Possible Price Manipulation' By JPM

- By Risk Staff
- 15 Dec 1997

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THE London Stock Exchange (LSE) is investigating a possible manipulation of stock prices by traders at JP Morgan, confirms a source at the exchange.

The investigation involves the LSE's Stock Exchange Electronic Trading Services (SETS) system, a new order-driven trading system launched on October 20.

A spokesperson for the exchange confirms that a trading anomaly was spotted on November 28, after a 20 per cent drop in the Financial Times Stock Exchange (FT-SE) index of top 100 stocks.

"If there's a

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