anyone have any news on the massive fat finger on the us 2 year sep 09 contact yesterday. sold down 2 points several times. all trades stood. it was at 13:30 london time on the figure release. any news appreciated.
well something was certainly going on. i heard this error was being reversed. as they found out the trade stood they had to cover. trying to buy back a sizeable amount of a us 2 year sep 09 isnt easy. i think they were buying across the board everything they could to cover the position. algos flagged the position and squeezed the market higher. hence the quick move up after 13:30 and the fed bullshit rumour
could have just been steepeners coming off frantic to get out of size not caring where because of the winner they just got riding from 204+