May Crude spike at 8:55am CT?

Discussion in 'Energy Futures' started by Chicago_CTA, Mar 23, 2012.

  1. Dude, what was that?


    $3.00 in 10-minutes?
     
  2. Just got this from the floor:

    IRANIAN OIL EXPORTS EXPECTED TO DROP BY 300,000 BARRELS PER DAY IN MARCH, FIRST SIGNIFICANT CHANGE FOLLOWING TIGHTER SANCTIONS - INDUSTRY SOURCES

    Not verified.
     
  3. That's what Fox just reported!

    Slim
     
  4. LOL

    compare 300k per day, to 17mm bbl per day!!!
     
  5. emg

    emg

    Don't u guys think that was HFT?

    could it be from Infinium Capital
     
  6. There were 34000 lots traded in 5 min on the 15th , same thing today. HFT or not, they are killer moves.
     
  7. rwk

    rwk

    People talk about what a monster the ES is, but I think CL has it beat. :)
     
  8. emg

    emg

    http://www.economist.com/node/21547988


    ON FEBRUARY 3RD 2010, at 1.26.28 pm, an automated trading system operated by a high-frequency trader (HFT) called Infinium Capital Management malfunctioned. Over the next three seconds it entered 6,767 individual orders to buy light sweet crude oil futures on the New York Mercantile Exchange (NYMEX), which is run by the Chicago Mercantile Exchange (CME). Enough of those orders were filled to send the market jolting upwards.
     
  9. EMG in both cases of the big move on the 15th and today there were major headlines at/around the time of the move.

    The 15th was the Reserves Realease rumour and today was iran 300,000 barrels a day off the market news.

    Whether or not headlines cause HFT to malfunction I don't know.

    With Bats and appl today it proves that the human element does have some value over robots :)
     
    #10     Mar 23, 2012