Yep, EUREX down for about 5 minutes 9:05-9:10 CET, went down instantly after spike down at 9:05. Cash markets OK, looking at EuroStoxx, DAX. Some kind of flash crash here, as the Chinese rate announcement was on saturday, and european futures had been open for more than an hour (8:00 CET) before the dump, so that was not the reason for the drop.
The news media unanimously blaming China rate hike for the drop. Here's the WSJ http://online.wsj.com/article/SB10001424052970203731004576045153843265680.html
A classic example of why trading during the xmas period is lethal. More of a crap shoot than anything else.
There may be another reason for the drop in stock index futures: Daimler, Volkswagen Lead Decline in Auto Stocks After Beijing Limits Quota.
yeah that was a lightning fast reaction there ... it happened YESTERDAY who ever thought the media had a clue ... I'll answer this for the real slow amongst us ... NO THEY DON'T
OK, I take back my words, for some people this could have happened in a parallel universe ... that might explain a few things ... where is Steve Hawking when you need him ...
I strongly agree. If someone needs to trade during Eurex futures light volume of the xmas to New Years holidays...better be extra careful and lower the position size to manage the increased risk. Mark