Just Another "Fat Finger" Sends The Entire UK Stock Market Up And …
“Fat Finger” or just more “High Freaks”? At 1110ET, the FTSE100 futures contract (representing the most liquid vehicle for trading the broadest UK stock market) suddenly rocketed up 1.3% on huge volume… and then, just as remarkably, Nanex shows, most of that price exuberance returned to normal within 10 seconds… Doesn’t look like a fat finger order to us? with 5 waves of buying on the way up? Of course, one thing is sure, Virtu made money!
1. March 2014 FTSE (Z) Futures
2. March 2014 FTSE (Z) Futures – Zoom of 27 seconds of trading.
3. March 2014 FTSE (Z) Futures – Zoom showing 5 seconds of trading.
Note the 5 separate buying waves.
4. EWU – a related ETF traded in New York.
5. EWU Zoom
Perhaps AG Schneiderman’s probe is well timed?
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Just Another "Fat Finger" Sends The Entire UK Stock Market Up And …
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