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Posts by "djellal"
751 Posts Total by "djellal":
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Posts by Anonymous "djellal":
with other central banks by close of play today.
the steep stock slide earlier in the day was the result of a trading
error.
a trading error at a major firm is to blame for the market's plunge.
certaintly set the stage for large risk aversion trades - or set a
"negative tone" as one source put it - the speed of the moves in stocks,
bonds and currencies almost historic in nature and causing professionals
to sense something else was behind it. Is widespread talk that a "fat
finger" trade of 16M sale on S&P Minis went in as 16B. This is a
error, not a system's glitch so it jives with claims there were no
glitches. But others suspect it could be a large program trade, or
perhaps it could be associated with "dark pools" or high frequency
trading platforms. Whatever, lots of damage done to PNLs in all areas
today. And if the moves today were not caused by an actual error, could
feed right into talk about certain kinds of financial regulation.
Rumor being propagated. I'm still very skeptical. RT @Reuters: FLASH: Trading error at major firm blamed for market plunge -CNBC
I'm waiting some pressure on USd before NFp, so I prefere buy at 1.0940 area.