Price discovery

Price discovery is the process by which trading aggregates dispersed information into a price. Manipulation is harmful precisely because it injects false information into that process, and the damage is borne by everyone who relies on the resulting price.

law and enforcement · updated 2026-11-06

See also

• Artificial price — An artificial price is one that does not reflect the genuine forces of supply and demand. Proving artificiality is a required elem…
• Market manipulation — Market manipulation is conduct that interferes with the honest formation of a price — through fake orders, coordinated trades, fal…

Terms that refer here

Artificial price · Efficient market hypothesis · Free rider problem

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