FATFINGER China Trader Popped the CSI500 futures by 500 pt

Shane Tseng

Shane Tseng

A *FATFINGER* trader (or Algo) sent the CSI500 futures up almost 500 POINTS on Feb 10. The June contract is relatively illiquid, an order of 149 lots amounted to 1% of its today's volume and instantly triggered a LIMIT UP. Price reverted on the next tick.

CSI500 is the China equivalence to S&P400. Shouldn't such trade on a a major indices be made erroneous ?
 

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wow....not very liquid and in the past I have seen the CME bust similar trades here in the US but not sure how it works over in China.
 
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