Volume-weighted average price
The volume-weighted average price is the average price over a period, weighted by volume traded at each price. It is used both as an execution benchmark and as a contractual reference, which makes it a manipulation target in its own right.
Where does volume-weighted average price come up?
This term is used in the following manipulation techniques, each explained in full on its own page.
Enforcement actions involving these techniques
| Action | Agency | Filed | Technique | Penalty | Status |
|---|---|---|---|---|---|
| ASIC v. Delta Power & Energy (Vales Point) Pty Ltd (price manipulation, 2025) | ASIC | 2025-06-30 | Price Manipulation , Marking The Close | — | filed |
| AMF France v. EcoR1 Capital LLC and M. Oleg Nodelman (marking the close, 2024) | AMF (France) | 2024-12-13 | Marking The Close | — | judgment |
| ASIC v. COFCO International Australia Pty Ltd (marking the close, 2024) | ASIC | 2024-07-24 | Marking The Close , Price Manipulation | — | filed |
| ASIC v. Interactive Brokers (marking the close, 2023) | ASIC | 2023-09-20 | Marking The Close | — | settled |
| SEBI v. Aventis Biofeeds Private Limited and others (closing-session price ramp, Ruchi Soya, 2022) | SEBI (India) | 2022-04-29 | Marking The Close , Settlement Price Manipulation | — | judgment |