my trading capital is not setup for such swings, stay out. but opm should. zt i did go long, not sure 4800 is the bottom. https://www.bloomberg.com/news/arti...y-dow-s-p-live-updates?srnd=homepage-americas Investors should sell any rallies in the S&P 500 until the US and China de-escalate the global trade war and the Federal Reserve steps in, according to Bank of America’s Michael Hartnett. The strategist said tariffs and the resulting market turmoil were turning US exceptionalism into “US repudiation.” He recommends a short position on stocks — until the S&P 500 hits 4,800 points — and a long bet on two-year Treasuries. The guage traded around 5,340 Friday. He recommended buying the S&P 500 around 4,800 points — a decline of another 9% from Thursday’s close — “if policy panic makes recession short/shallow.” But he said many investors had shown “tremendous pushback” to that view as they expect a slump in earnings estimates to send the index toward 4,000.
Futures markets in the US are regulated by the CFTC and NFA. The exchange clearing model states trades must clear through the exchange. No internalizing, no crossing orders in-house, no "B-Book" style bullshit, which is industry lingo for brokers "internalizing" their client orders and trading against them. If a futures broker were caught internalizing or trading against customer flow without routing to the exchange? That's fraud. Jail time. License gone. Massive fines. Regulatory death sentence. But... (there's always a but) Some shenanigans can happen upstream: → Brokers can front-run orders (illegal) → Brokers can delay routing (illegal if intentional) → Brokers can sell your order flow data (gray area depending on context) → Market makers at the exchange can see flow and trade against it (that's just called "being a shark") Bottom line: In legit futures markets, your orders should hit the exchange. If they're not? That's straight-up criminal, not just sketchy. Curious what made you ask? Someone giving off "bucket shop" vibes?
Well, I was just thinking, the broker sees all these traders blowing up, losing their money to the markets, and if I am the broker I would ask myself, why aren't they losing it to ME instead? I am sure there is good money in making a market, but taking all those losing trades must be tempting at least...