what f*ck just happened

If they want to bust my trade, fine I can live with that. When I heard about the bust and called IB to make sure I was flat for the day, they told me they were waiting for a list from ACE and would not confirm for sure if I were flat or still short. I finally got a hold of ACE (after the market closed) and it seems pretty sure a bunch of us are holding short thru the weekend.

Here is the # for ACE 312 347-4600
Here is the # for CBOE investigation team: 312 435-3660

They have all this marketing fluff to attract people to the eminis so call and give them your 2 cents
 
Well I was up 625 bucks per contract when the market closed then IB busted some of my trades and now I'm up 1200 bucks per contract! I'm not sure if this is right. Have they busted anyone else's trades yet?
 
You guys have it all wrong. No scam. No manipulation

Good old fundamental analysis.

Its all in the Unemployment numbers.

I mean that's what Yahoo has ... and they can't be wrong .. Yahoo is never wrong.

lol
:D
 
Quote from Satyrican:

You guys have it all wrong. No scam. No manipulation

Good old fundamental analysis.

Its all in the Unemployment numbers.

I mean that's what Yahoo has ... and they can't be wrong .. Yahoo is never wrong.

lol
:D
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ROFL

Good old Yahoo - can always rely on them to come up with some sort or rubbish like that. :D

Natalie
 
Nothing wrong with Yahoo... did u know that there INDEX prices are "live"... set your your browser on 1 second refresh and they match my data feed..... a gift, better stilll feed it into excel and you can get 5 min bar charting free... nothing wrong with yahoo..
 
Quote from sharktrader:

exchanges that cancel trades suck. this is not professional at all. markets are for grown up people. every market participant is responsible for the trades he is entering, full stop. where do we arrive if an exchange can bust some trades and some not? what does the guy do that sold dax or ftse futures in the selling hole this afternoon based on the dow collapse and his trades do not get busted? what does the currency trader say who bought eur/usd at 1.1530 based on the dow spike and finds himself long the shit back @ 1.1510? there's no mum in there to cancel these trades.

i did not trade today, did not loose and did not win. but from my point of view, there is no discussion that never ever exchanges should allow for busting trades due to errors made by stupid jerks. such is life. if i sell 100 minis instead of 1, i loose a lot of money, no trades get busted, so why should we come up for an error of an even bigger jerk selling 10,000 instead of 100?

a similar thing happende some time ago in the eurex dax future. the most terrible thing was that for several hours while the market continued to move, it was not clear which trades were busted and which not, you did not have any idea whether you had a position, covered a position or whatsoever. completely irresponsible from the exchanges. my word is my bond. a trade is a trade, full stop. absolutely ridiculous what happened today.
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ABSOLUTELY my opinion - if somebody is allowed to trade he should know the difference between 100 and 10.000 and he should have control over his fingers.
 
Quote from gerry875:



ABSOLUTELY my opinion - if somebody is allowed to trade he should know the difference between 100 and 10.000 and he should have control over his fingers.
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EXACTLY

THE QUESTIONS TO ANSWER ARE THESE

How do you trade next time a move similar to this shows up? Do you trust it? Will the trades stand? Is it news precipitating a legitimate fall? OR after market close "some" trades get busted and you may or may not have a closed position?

This is a completely f^cked up situation. The exchange selectively forces "some traders" to go home naked while the true culprits get a free ride.
 
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