Wick in June Ten Year Note
Wick in June Ten Year Note
I received a nasty fill this morning some 2 handles above the market. It seems the June contract was the only one affected. A fat finger error they claim, so far the exchange is not busting it. Did anyone else get stung?
Or the 5 minute chart at futuresource http://futuresource.quote.com/charts/ch ... &b=bar&st=
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- Roundtable Knight
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- Joined: Fri Apr 02, 2004 1:40 pm
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From MNS: The CME's Globex Control center says all trades will stand on what was clearly an error trade in June 10-yrs as the contract traded up to the 119-06.5 level at 8:30 am ET. According to time and sales, some 9,174 June 10-yrs at that price in just 1-minute, and compares to current levels of 117-07.5. Those on the sell side are giddy. Meanwhile, some 6,100 June 5-yrs traded up at 116-02.25 at that same time, which compares to current levels of 115-23.75. Those trades stand as well, according to the CME.
You can file a complaint/claim with the exchange. PM if you want the Globex Claim Form.
You can file a complaint/claim with the exchange. PM if you want the Globex Claim Form.
Is it an idea to complain
I was caught as well, Interactive brokers only said that this spike was not an error from their systems?
What could i do?
Thanks/Mats
What could i do?
Thanks/Mats
Hi Mat
You can file a claim with the cme as I did. This may or may not get you anywhere! I did it more on principal than anything. If no one ever complains, it is unlikely anything will change. I am really unsure as to what critieria, the exchange uses to decide whether or not to bust the trades,but I do not feel in cases like this, the trades should have been busted. This is what I expect from a bucket shop, not a regulated exchange. "Fair and transparent price discovery ", I think not.
You have only ten days to file, so if you are planning on doing it, you should do it soon.
Good Luck
You have only ten days to file, so if you are planning on doing it, you should do it soon.
Good Luck