CanOz
Home runs feel good, but base hits pay bills!
- Joined
- 11 July 2006
- Posts
- 11,543
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- 519
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
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.
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.
Just heard on the TTN squawk that there was a bond error on todays trading...
Yeah the same blokes haha
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!
(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
Ferocious selling on the SENG.......
LOL, thought that was you. China enterprise was trying to hold but away we go again.
LOL, thought that was you. China enterprise was trying to hold but away we go again.
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