If this is true, seems like nothing should be busted. It should be considered normal electronic matching behavior. Doesn't Globex only allow stop-limit orders? So all these cascading stops are simulated stops?
If this is true, seems like nothing should be busted. It should be considered normal electronic matching behavior. Doesn't Globex only allow stop-limit orders? So all these cascading stops are simulated stops?
The only reason that the NYSE is even open for business on Friday is because there is a law that states that the securities markets cannot be closed for more than 72 hours STRAIGHT.
In my opinion, people that trade in such illiquid markets are simply asking for trouble, and then blaiming it on CONSPIRACY THEORIES when they are stuck on the end of a losing trade.
