Steps to Review a Marking the Close or Window Dressing Event
TRACKED IN: Open – Close Manipulation
To detect marking the close, Surveyor looks for instances where a user account obtains the last round-lot execution of a trading day, in a symbol in which the account maintains a significant pre-existing position, and the execution improves the valuation of the pre-existing position as compared to the next previous execution (the would-be closing price if not for the subject account’s action).
Window dressing is similar to marking the close, but only examines the final executions of a trading month, and requires the account to have held the pre-existing position for a longer period.
1. Pre-Event Position
Prior to event, an account holds a long position. This is easy to visualize by turning on the Position indicator under Chart Settings at the bottom of the chart.
3. Local Print
4. Closing Price
Using the Results
More on Reviewing Events
Next, see how to review wash trades and cross trades.