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Anyone see that price action on DNDN on the 9/25 from open until about 11am from 27.50 down to 25.20 and then back up again? Any interpretation on what that was? Was someone just dumping the stock or was it something else?

It looks like NYSE total volume is still low, and far lower than this year's average or even 2008 or 2007 averages. Today it traded 1.2 billion, but less than 1 billion with 10 min left so I figure the tape must have been painted with some heft after-hours orders. Where did this volume go...

If futures contracts lose money, don't you have to pay the difference in margin? (I don't know if that's the case, but that's what I've read in all the books (I'm a newbie)). If that's the case, it could result in money out-of-pocket immediately which might not be a good thing.

I currently have an IB account and I trade ES futures. But if I want to trade Hang Seng or FTSE futures, what account features do I need? I got the SIMEX and EUREX futures data feed from my data feed (Iqfeed) but I'm not sure if I need to register for any type of additional account features...

Thanks for your response and that link!

Thanks for everyone's responses. I'm a complete newbie so please ignore my naive questions. I guess as opposed to the situation where they are making markets or trading on behalf of their clients, I'm more curious about if an investment bank is trading for their own prop equity desk, where...

If GS controls 25% of the daily volume with its program trading, how does it avoid trading with itself? If it does trade with itself, it could move the markets without any cost to itself. Are they explicitly disallowed from trading with itself, or is it allowed? I would think it would be...

Thanks for the responses. So, if I gather this correctly, the ETF has the capability of creating new shares, but it requires a process. It cannot create new shares dynamically on a per day basis? And the only thing keeping the price of a ETF share to the price of the underlying...

If the price of the ETF goes up, does it move the price of the things they are linked to? Otherwise there would be a lot of opportunity to arbitrage the differences. My understanding was that the price of the ETF was based on the underlying basket of things it points to (either the index, or...

Just a newbie question, but for example, how does an ETF like FAZ, FAS or UNG create new shares? From what I gather, the price of the ETF is always reflected by the price of the underlying index, not by the buy-sell demand of the people who are trading the stock. So how does that work...