Whoa Baby! What happened?

Regards to stops - it better be a "stop limit" after NYSE close, especially when big earnings news is coming out... a normal stop order would have gotten you killed today when it became a market order during the spike. I wasn't trading but I don't see how the CME can allow this. Still the person who tried to buy them should be stuck with them but this impacted a lot of other people too.. a real mess.
 
obviously had a brainfart.. some people got screwed very bad.

Quote from sammybea:

obviously most retail investors benefited out of this. If they were simply taking out the stops, and the market is back in line.. you just hit the lottery. The only person that really lost is the one who put that order in.... By the way, is there any confirmation from the AP that was the problem? A typo?
 
Do I hear any cool broker liquidated your positions due to margin call in this event? Many accounts could be wiped out! Forget it, there will no excuse. You fate has been determined when you sign up with these brokers. It is your resposibility. It is all your fault. Accept your fault. Get f*ckin' brain washed. And you get wiped out!

:p
 
Globex Control Center sent out a notice at 3:23 CST. All trades above 86000 are busted...exchange related problem...
 
Looks like I picked the right time to stop trading e minis. I resolved today to go back to stocks and options after getting my ass kicked in futures. This AM I closed my account. With my luck I probably would have been short my 2 lots and whammo!! A/... would you like fries with that? If this is not a sign from providence I don't know what is....
 
Quote from acrary:

Globex Control Center sent out a notice at 3:23 CST. All trades above 86000 are busted...exchange related problem...


figured that...

amazing how many started assuming things before they had the facts... interesting emotional reactions!

Regards,
 
I would not be surprised to see the contrary fact if the special interest manipulator group did not hurt in this event.

:p

Quote from iceman1:




figured that...

amazing how many started assuming things before they had the facts... interesting emotional reactions!

Regards,
 
Quote from GATrader:

Looks like I picked the right time to stop trading e minis. I resolved today to go back to stocks and options after getting my ass kicked in futures. This AM I closed my account. With my luck I probably would have been short my 2 lots and whammo!! A/... would you like fries with that? If this is not a sign from providence I don't know what is....

LMFAO!

I really hope nobody got liquidated into this mess.
 
Got the details now. Three errant trades of 2,000 lots each were entered into the system. Everything above 860 is cancelled. The originator is eating the losses on all fills up to 860.
 
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