$21,000,000 loss at one well known Chicago prop firm. Heard they fired a large group of traders yesterday.
$8,000,000 loss at another prop in Texas.
Many stories of individual traders losing high 6 /low 7 figures and wiping out their accounts.
Sorry to hear about the misery.
Best of luck to everyone.
I’ve been told that spike in VX future’s was related to the closing of that etf XIV. That the manager in prep to close sent an order to buy 260,000 VIX future’s at the market.
Can anyone confirm this?