what are the usually time frames of trade busting and what usually occurs? do all trades (buys and sells) outside the acceptable range get cancelled like they never happened? and btw, where do we find rulings on this?
http://rulebook.cme.com/Rulebook/Chapters/pdffiles/005.pdf Page 44 of that doc talks about CME globex bust policy. The market's coming down to a point now where if I cover here and they come back and pin it on me, it wont' be that big a deal to be long. I'm bidding 75.50, but getting itchy fingers...
it states you only have 8 minutes to request a trade review/bust for liquid contracts which I assume ES would fall under. the large SP contracts also traded to 1399 on 900 contracts. yikes.
no worries... if they dont bust the trades the "big boyz" fat finger will walk the market up next week to get out of all those trades breakeven... seen it a million times over imo...