The Merc better get a handle on this. Suddenly they have gone from looking like a much better alternative to daytrading stocks to their traditional reputation as a nest of crooks waiting to screw unsuspecting retail customers.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
What the f*ck happened (again)?
- Thread starter opm8
- Start date
Quote from AAAintheBeltway:
The Merc better get a handle on this. Suddenly they have gone from looking like a much better alternative to daytrading stocks to their traditional reputation as a nest of crooks waiting to screw unsuspecting retail customers.
Probably they're just aiming to be a better alternative nest of crooks.
Quote from Foz:
I thought there was an exchange imposed 250 contract limit per trade. How could someone do 50k contracts? Are the limits not enforced on Globex terminals or something? Or was the 50k contracts done in 250 lot chunks by an automated system? I don't get it.
I make that about $90m margin requirement.
$2.5m per point
Natalie
I hate to say this to you guys, but that chart was FUNNY ........
I mean that chart reminded me of my visit to the niagra falls.
I have to say that it was funny but at the same time it wasn't.
I mean, WHAT THE PHUCK!!!!!!!!!!!!!!!!!!!!!!!
My gut is telling me there is more to it than meets the eye.
There always is when it comes to this game.
Someone made a lot of money of that "Little Mive" as some people called it.
Do I beleive it was an accident: NOPE-Just like I don't beleive that Clinton didn't smoke that Cigar after he lodged up his little interns As-.
I mean that chart reminded me of my visit to the niagra falls.
I have to say that it was funny but at the same time it wasn't.
I mean, WHAT THE PHUCK!!!!!!!!!!!!!!!!!!!!!!!
My gut is telling me there is more to it than meets the eye.
There always is when it comes to this game.
Someone made a lot of money of that "Little Mive" as some people called it.
Do I beleive it was an accident: NOPE-Just like I don't beleive that Clinton didn't smoke that Cigar after he lodged up his little interns As-.
yea!Quote from triple_j:
This makes 2 times in 7 trading days..........
what's with these goddam Morons that can't get their act together? You telling me some Idiot can go up to a terminal and enter an order and make the whole market tank?? Where's the accountability? Where are the circuit breakers? Who takes the loss on something like this?
Who's running these exchanges? WHo are these executives pulling down 6 and 7 figures who can't realise this is a hazard to the marketplace and to conservative investors?
where are the Lawsuits? there should be lawsuits galore because of this, in particular since we just had one a few days ago. This is an outright disruption of US financial markets. Who's running the show here? These execs should all be fired tomorrow morning. Any1 have their numbers? Let's make some phone calls. Let's get rid of the phucks......
triple
FRuiTY
The reality of the situation is that the firm that caused this error at a bare bones minimum should have its name stated publicly for the record. Secondly, don't believe for a second that after somebody oversold the emin's contract that the equity dept of that firm didn't just go in and scoop up all the oversold QQQ's and Generals like MSFT, DELL etc for the fast daytrading flip. If they know its their error they have no risk.. as they are the only selling pressure and they know thats its a mistake in the first place well before that information is disseminated to the majority of market participants. Listen its not fair and thats the truth but with electronic markets as with free speech you have to take the good with the bad in order to protect the greater good. The greater good with the electronic markets is automatic fills and greater liquidity. Once in a while because of it systematic exploits will occur but for the most part it works well.
Isn't that what the series 55 was implemented for?????
Oh, sorry, that was only for the small traders!!
What a joke!
Oh, sorry, that was only for the small traders!!
What a joke!
RE: Globex's complaince department has stated that all executed
trades in the ES Sept futures contract at the executed
price of 995.75 and below during the time beginning 14:08 EST have been ruled as erroneous and have been busted. You will see the execution removed from your account today.
IB Customer Service
How does 3:08 pm est ... equal 14:08 pm est ???
Nutty huh?
Nereus
trades in the ES Sept futures contract at the executed
price of 995.75 and below during the time beginning 14:08 EST have been ruled as erroneous and have been busted. You will see the execution removed from your account today.
IB Customer Service
How does 3:08 pm est ... equal 14:08 pm est ???
Nutty huh?
Nereus