HSI Spike

Discussion in 'Index Futures' started by BlueHorseshoe, Apr 28, 2004.

  1. At approx. 10:39pm EST the HSI contract spiked up about 1.5% - into positive territory - before immed. falling back.

    Anybody know what happened or got caught up in it?
  2. The Asian markets can be crazy.... very crazy!

    Is Tokyo closed today? The Nikkei does not seem to be trading.
  3. THe HSI is a monthly contract. Everyone has rolled over into the May contract.

    You're looking at the April contract. Someone closed out a big position about a day late. The lack of liquidity caused the spike.

  4. Oh yeah ... I hate when that happens. Thanks.
  5. that was me...I did a large market order..

    I lost 700,000hkd in less than 30 secs.

    I am talking to the exchange about it now.
  6. those bastards at the HKFE won't bust it.

    and IB is not giving me any help either..


  7. that someone is me..but I didn't have a large position. just about 100 lots. I throw 100 lots in every market around the world, and I only have problem with HSI. .it's crap market...I am done with it..