Go futures go!

Wetton · Oct 22, 2006

Thanks.

ElectricSavant · Oct 22, 2006

The EUR/JPY dropped 25 PIPS or so, here in Forex...in the last 1:15 hrs.

scriabinop23 · Oct 22, 2006

Quote from Trader5287:

I can just feel that >8 bust verdict coming.

what are the usually time frames of trade busting and what usually occurs?

do all trades (buys and sells) outside the acceptable range get cancelled like they never happened?

and btw, where do we find rulings on this?

riskarb · Oct 22, 2006

Electric mentions the yen rally... perhaps some diplomatic news out of the UN/North Korea?

Cdntrader · Oct 22, 2006

Quote from scriabinop23:

what are the usually time frames of trade busting and what usually occurs?

do all trades (buys and sells) outside the acceptable range get cancelled like they never happened?

and btw, where do we find rulings on this?

i think it will stand in ahs. buyer beware.

sportmatt37 · Oct 22, 2006

http://www.bloomberg.com/apps/news?pid=20601087&sid=aEr6LjYGOirk&refer=home

maybe?

riskarb · Oct 22, 2006

Quote from sportmatt37:

http://www.bloomberg.com/apps/news?pid=20601087&sid=aEr6LjYGOirk&refer=home

maybe?

Same BS, different day. I can't imagine that generic story having an impact.

lescor · Oct 22, 2006

Quote from scriabinop23:

what are the usually time frames of trade busting and what usually occurs?

do all trades (buys and sells) outside the acceptable range get cancelled like they never happened?

and btw, where do we find rulings on this?

http://rulebook.cme.com/Rulebook/Chapters/pdffiles/005.pdf

Page 44 of that doc talks about CME globex bust policy. The market's coming down to a point now where if I cover here and they come back and pin it on me, it wont' be that big a deal to be long. I'm bidding 75.50, but getting itchy fingers...

Cdntrader · Oct 22, 2006

Quote from lescor:

http://rulebook.cme.com/Rulebook/Chapters/pdffiles/005.pdf

Page 44 of that doc talks about CME globex bust policy. The market's coming down to a point now where if I cover here and they come back and pin it on me, it wont' be that big a deal to be long. I'm bidding 75.50, but getting itchy fingers...

it states you only have 8 minutes to request a trade review/bust for liquid contracts which I assume ES would fall under.

the large SP contracts also traded to 1399 on 900 contracts. yikes.

EqtTrdr · Oct 22, 2006

no worries... if they dont bust the trades the "big boyz" fat finger will walk the market up next week to get out of all those trades breakeven...

seen it a million times over imo...