big double spike this morning??
- Thread starter sporky
- Start date
Dude, I was just looking at that- Massive!
Looks to me like a serious 'fat finger error', nothing more.
I wonder if the trades at ridiculous prices were busted- Probably depends on who is responsible for paying for this mess, and what kind of clout they hold at the CME.
Looks to me like a serious 'fat finger error', nothing more.
I wonder if the trades at ridiculous prices were busted- Probably depends on who is responsible for paying for this mess, and what kind of clout they hold at the CME.
You call <i>that</i> a spike?
No, just kidding... but look at what happened 6 hours ago- That's what we're referring to.
Who the hell programs order entry software that doesn't recognize & block market/marketable limit orders for tens of thousands of ES? That's like designing a car with a huge gas pedal and no brakes.
I read the following at another forum:
GLOBEX is having problems there were massive spikes early in the morning.
"GLOBEX is currently reviewing future option trades on the equity index futures which occurred earlier this morning, and in particular, trades done between 01:01 and 01:05 Chicago time which resulted in a large number of trade cancellations in the equity index futures (NQ, YM, ER, SP, ES, ND, ZD, DD, ER2, EMD). The clients affected by these cancellations have been informed directly by bulletin and the trades have been removed."
GLOBEX is having problems there were massive spikes early in the morning.
"GLOBEX is currently reviewing future option trades on the equity index futures which occurred earlier this morning, and in particular, trades done between 01:01 and 01:05 Chicago time which resulted in a large number of trade cancellations in the equity index futures (NQ, YM, ER, SP, ES, ND, ZD, DD, ER2, EMD). The clients affected by these cancellations have been informed directly by bulletin and the trades have been removed."