UK Natural Gas NOV 09 Contract on 10/05: OMG!!!

Discussion in 'Energy Futures' started by TraDaToR, Dec 13, 2009.

  1. TraDaToR



    Are there some IPE traders on board?Tell me it's a joke and they busted the whole thing.

    On both IB and CTS T4,I've got a spike from 0.30 to 3.25, which according to me corresponds to a 90K$ per contract fat finger. Imagine you're waiting with a 10 lot in front of that... Almost - 1M$ in one second. There is a chance asks came back to FV in no time but still...

    IPE has no trading limits. NYMEX has 10K$ per contract trading limits at least. I was contemplating trading on IPE but I don't want to be part of one of those "black swans".

  2. TraDaToR


    Hello, has someone ever seen such a spike in his trading career? or even traded through it?
  3. TraDaToR


    Apparently it was an error. Sorry. The ICE website doesn't report this spike.

    The error is quite on every data provider though. Can someone watch on a reliable source like TT, Zen or CQG if there is an enormous spike on oct 5TH on NOV09 UK Nat gas?

    Thanks a lot.