No price discovery for over an hour!!

Discussion in 'Options' started by Cabin111, Apr 8, 2022.

  1. tiddlywinks

    tiddlywinks

    On August 4, 2006 the eCBOT went down for 3 hours!! It sucked!!

    I had a short YM trade on. I covered as soon as the exchange came back up, fortunately, not as a loser.

    They said it had to do with "harmonization" of regulations.

    I remember thinking it was all about screwing the muppets like me!
     
    #11     Apr 8, 2022
  2. Overnight

    Overnight

    We witnessed it two years ago.
     
    #12     Apr 8, 2022
  3. TheDawn

    TheDawn

    Not with that kind of trading volume like the 1987 crash.
     
    #13     Apr 8, 2022
  4. ajacobson

    ajacobson

    In 87 was of the biggest problems was opening indices and you needed at least 80% weighting to be open. IBM was over 20% of the weighting. It was rarely on both Monday and Tuesday.
     
    #14     Apr 8, 2022
    M.W. likes this.