Futures Flash Crash As ES Plummets To Limit Down

[Zippyjuan]

This forum says it was a glitch;
http://www.elitetrader.com/vb/printt...threadid=13605

Posted by acrary on 02-04-03 09:46 PM:

Globex Control Center sent out a notice at 3:23 CST. All trades above 86000 are busted...exchange related problem...

Posted by acrary on 02-04-03 09:52 PM:

Got the details now. Three errant trades of 2,000 lots each were entered into the system. Everything above 860 is cancelled. The originator is eating the losses on all fills up to 860.


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Posted by McCloud on 02-04-03 09:54 PM:

IB:

To all traders
Tue Feb 4 16:45:53 2003 EST

Globex Trading Update

Globex has just notified us they are breaking
all trades in ESH3 executing above 860.00 between 16:00 and 16:15 EST.

[jclay2]

ZH said it was a transfer from bonds to equities.

I was actually hoping people here would clarify that.

Put your sarcasm meter on.

[ILUVRP]

dow futures down 205 now on fox business

[sailingaway]

This forum says it was a glitch;
http://www.elitetrader.com/vb/printt...threadid=13605

sounds expensive for the originator.

[Zippyjuan]

dow futures down 205 now on fox business

Probably based on the news that Boehner doesn't have the votes to get anything through the House of Representatives- making a deal on the "fiscal cliff" more unlikely at this time (the news is correct- currently showing down 208 points) http://money.cnn.com/data/premarket/ .