As Monday Looms, Experts Warn Japan’s Half-Trillion Dollar Fat-Finger-Trade “Could Absolutely Happen” In The US

Saturday, October 11, 2014
By Paul Martin

by Tyler Durden
ZeroHedge.com
10/11/2014

Just over a week ago, the Japanese stock market participants were stunned when stock orders amounting to a whopping $617 billion (yes Billion with a B) – more than the size of Sweden’s economy – were canceled for reasons still unknown in what was one of the biggest ‘fat finger’ trading errors of all time. Since then, US equity markets have suddenly become notably more volatile – and fallen significantly, VIX has seen odd intraday ‘spikes’, S&P futures saw the very odd ‘satan signal’, and USDJPY has suffered its worst losses in 3 years. This raises the question of whether US market microstructure is any better than Michael Lewis’ Flash Boys’ book describes.. (as we head into a bond market holiday, dismal liquidity, and a potential Black Monday), “That could absolutely happen here,” Tabb Group’s Larry Tabb warns Bloomberg.

The Rest…HERE

Leave a Reply

Join the revolution in 2018. Revolution Radio is 100% volunteer ran. Any contributions are greatly appreciated. God bless!

Follow us on Twitter