Did the sp futures go limit down today?

Discussion in 'Index Futures' started by abducens, May 6, 2010.

  1. I thought they would get halted at some point, why not?
     
  2. If it went down 9 more ES points it would have been.
     
  3. Looks like they were halted @ 14:45:28 for 5 seconds
     
  4. I am quite curious about these 5 seconds. An official halt? Something else?


     
  5. AFAIK, there was no official halt. There were no trades during that period, and market was locked. The same auction you see at pre-open.

    Code:
    14:45:28.113 9s1056.00                     <- last trade
    14:45:28.118 5 x 1055.75 1055.75 x 1
    14:45:28.118 5 x 1055.75 1054.00 x 153
    14:45:28.118 310 x 1054.00 1054.00 x 153   <- locked market
    14:45:28.120 312 x 1054.00 1054.00 x 153   
    ...
    ...
    ...
    14:45:33.002 1460 x 1056.75 1056.75 x 1840   
    14:45:33.023 1455 x 1056.75 1056.75 x 1840   
    14:45:33.026 1456 x 1056.75 1056.75 x 1840   
    14:45:33.088 1756s1056.75                  <- "reopen" print
    14:45:33.088 34 x 1056.50 1056.75 x 87
    
    The tape says it all...
     
  6. interesting thx.
     
  7. I was listening to the pit audio and on the way up the spread was 1080 / 1090 , ten full points.
     
  8. risky63

    risky63

    its called free money........
    you hope to get filled on the retacement.
    sucks cuz it was a 10 point b/a spread.
    if you trade w/ a tighter stop , you get busted out as soon as you press ok.
    instant flame out.