FATFINGER China Trader Popped the CSI500 futures by 500 pt

Discussion in 'Index Futures' started by Shane Tseng, Feb 11, 2020.

  1. A *FATFINGER* trader (or Algo) sent the CSI500 futures up almost 500 POINTS on Feb 10. The June contract is relatively illiquid, an order of 149 lots amounted to 1% of its today's volume and instantly triggered a LIMIT UP. Price reverted on the next tick.

    CSI500 is the China equivalence to S&P400. Shouldn't such trade on a a major indices be made erroneous ?
     
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    Cannon_Trading likes this.
  2. traider

    traider

    Just fade it. Free money
     
  3. Cannon_Trading

    Cannon_Trading Sponsor

    wow....not very liquid and in the past I have seen the CME bust similar trades here in the US but not sure how it works over in China.