International markets traders banter

[CanOz]

Here's another article from bloomberg re: everbright fat finger

http://www.bloomberg.com/news/2013-08-18/everbright-trading-error-adds-to-china-broker-s-woes.html

What's interesting is because they were hoping the contracts would be broken and they weren't, they now still hold all these long positions and everyone knows it and knows they need to liquidate them at some point

An Arb trade?

Everbright’s trading system placed an accumulated 23.4 billion yuan of buy orders, of which 7.27 billion yuan was transacted. The brokerage sold 1.85 billion yuan in exchange-traded funds, along with short-selling 7,130 contracts of index futures, according to the statement on the CSRC website.

What were they trying to accomplish here, like a spread trade? Long the equities, which i assume were lagging and short the ETFs and the Index futs...?

In the process they spiked all three?

 

[skyQuake]

An Arb trade?



What were they trying to accomplish here, like a spread trade? Long the equities, which i assume were lagging and short the ETFs and the Index futs...?

In the process they spiked all three?

Think their buy order was probably a magnitude or two bigger than expected, and the REAL arb bots had a field day.

 

[CanOz]

Think their buy order was probably a magnitude or two bigger than expected, and the REAL arb bots had a field day.

Too funny...why in the world would you even allow these cowboys:cowboy: to have a Prop Desk in such an immature and corrupt market?

 

[CanOz]

Just heard on the TTN squawk that there was a bond error on todays trading...

 

[kid hustlr]

Just heard on the TTN squawk that there was a bond error on todays trading...

Yeah the same blokes haha

 

[havaiana]

Yeah the same blokes haha

Crazy stuff, so much for the prop desk being closed! Maybe they fat fingered a client trade or something

 

[havaiana]

I know this isn't the right spot to post this, but couldn't figure where else to put it

"We are happy to announce the certification of the MetaTrader 5 trading platform by Australian Securities Exchange (ASX). "

source http://www.metaquotes.net/en/metatrader5/news/4025

Never seen an announcement like this, does asx do this for other platforms? what exactly does it mean?

 

[CanOz]

Asia sold off nicely today...wow

 

[kid hustlr]

Asia sold off nicely today...wow

Yeah whats going on?

I read your post about india, is that it?

to use an old expression, its very risk off in here today!

 

[CanOz]

Not sure what the catylst was, but the K200 and the Seng topped out and sold off pretty quick...got a nice video of it all, the rollover on both.

 

[skc]

Yeah whats going on?

I read your post about india, is that it?

to use an old expression, its very risk off in here today!

The QE taper is going to create some breakdown in cross-market correlations...

http://www.bloomberg.com/news/2013-...-economies-as-capital-flows-back-to-u-s-.html

 

[Trembling Hand]

Nk approaching 3% down!

 

[CanOz]

Again....

(CN) Daily Shibor fixings- O/N: 3.8540% (highest since June 30th) v 3.4030% prior- 1-week: 4.4280% (highest since July - Source TradeTheNews.com

 

[Trembling Hand]

LOL at the HSI. Only a 600 odd Tick intra day range....

 

[MARKETWINNER]

I believe some economies in emerging markets and frontier markets would prove resilient. Current sell off in some emerging markets create great mid and long term opportunities. Companies with strong local demand, export companies with permanent customer base and consumer staples sector in emerging world will become great winners in the future. They will earn in good times and bad times. Cyclical sectors will under-perform in the short run. As a result of slow down in some emerging markets commodity producing countries too will have some slow down in the short run.
,
We cannot ignore the strong and attractive longer term demographic and growth profile of most emerging markets, especially in Asia.

Those markets which had great rally can have correction one by one and those markets which under-performed during last couple of years will outperform others in the coming quarters. Some markets are building their base now. It is time to identify next bullish sectors, commodities, currencies and markets before others.

http://www.reuters.com/article/2013/08/20/us-markets-global-idUSBRE96S00E20130820

Asia stocks slide as Fed easing outlook frays nerves

My ideas are not a recommendation to either buy or sell any security,commodity or currency. Please do your own research prior to making any investment decisions. Please note that I do not endorse or take responsibility for material in the above hyper-linked sites.

 

[Trembling Hand]

Ferocious selling on the SENG.......

 

[boofis]

Ferocious selling on the SENG.......

LOL, thought that was you. China enterprise was trying to hold but away we go again.

 

[skyQuake]

LOL, thought that was you. China enterprise was trying to hold but away we go again.

jeeze that volume!

I bet those that bought a "bargain" after the 600pt fall are being forced out right now.

Edit: Looks like cap vol low now?

 

[peterfootwork]

LOL, thought that was you. China enterprise was trying to hold but away we go again.

Interactive Brokers can't handle it either. HK and Au offline .

Just closed Spi trade 5 mins before.

 

[Trembling Hand]

Edit: Looks like cap vol low now?

Yeah you can thank me for a bit of that. Got long a 60 points too soon.............

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Volume? you want Volume!!