If the spread does not touch you order it obviously will not be trigerred. If it does it will try to fill. I have not experienced it on DAX, but have seen such situation in HSI. When the spread widens it will try to trigger your resting order. Whether it gets filled or not, depends on the order type. The stop market will get trigerred, but you could experience the slipage.
Have you guys seen the story on Societe General $7.16 loss caused by illegal actions of their Paris based trader?
here's a link to the Bloomberg coverage of the new Nick Leason story http://www.bloomberg.com/apps/news?pid=20601087&sid=aEMqOnpMNRRE&refer=home
Did anybody look at Euro Stoxx 50 during this week? Looking back on at the charts, it looks like it could have been traded this week instead of DAX. The moves were great and the book was probably thick enough since it usually trades over 1 mil contracts per day. The spread probably was also more manageble than DAX. I remember looking at it a while back, it is pretty dull during normal times, though the volume is great. But what about times like this week, where most of us could not trade DAX?
Is anyone back to trading DAX? I am planning to try tomorrow if things look normal. Also, how about my prior question about switching to Stoxx 50 during such times?