how can they turn off the NX feature???? i would swear that TXN has control over that button!!!!! sometimes i hit some pretty good size in TXN and nothing happens.....hmmmmmmmmm.
The original normal position was supposed to be 4 million, but 3 billion 378 million went through. That is 844.5 x normal 4 mill position. Huge error, of over 44,000 % They mean to tell us that there are no internal safeguards for errors? gggg Josh
...No. All but 622mil was cancelled 'before' execution. Therefor only 622 mil was executed... macal425 thanks for the correction So that was a mistake of 155 x original position or over 8,000 % final executed error Any details of when did the orders get canceled? Were they before arriving at the specialist's posts, or after and in between printing the gap down prints? Supply like that would have caused some additional selling from floor participants? Clean up many stops etc.. Josh
http://news.moneycentral.msn.com/breaking/breakingnewsarticle.asp?feed=OBR&Date=20021002&ID=1971790 Note to MSNBC and Reuters: Spellcheck your articles!
Just to show how it goes both ways yesterday, I was short HD going with the prevailing trend when this happened. It was a good payday for me. Then heard the news and figure they would try and cover some and went long near the bottom.
the selloff yesterday was so unrelenting that I commented on it elsewhere even before I got wind of this story. It seemed like someone was selling in a pretty steady manner beginning after lunch.
According to the press releases the "mistake" had nothing to do with earlier selling...the orders all hit the market at the same time.