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When ABC stock is trading at $ 4 0 . 5 0 , an equity trader places an order to buy 5 0 0 ,

When ABC stock is trading at $ 40.50, an equity trader places an order to buy 500,000 shares of the stock at 3:58 PM ET , filled at $ 40.60, and places another order to buy 400,000 shares at 3:59 PM filled at $ 40.90. Because of these actions , the stock closes at $ 41. The equity trader then uses those purchased shares to fill Market - On - Close orders to buy that the firm was holding for clients . This is an example of : A Insider trading B Front running Marking the close D Painting the tape

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