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806 Posts.
228
07/04/10
18:30
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During the closing matchup, an order for 1,000,000 was set at 1.07. Very quickly a matching order for 1,000,000 came in at 1.02.
I thought this was just some mucking around and the orders would be pulled. Instead the orders were filled.
04:10:31 PM 1.050 10,000 10,500.00
04:10:31 PM 1.050 11,458 12,030.90
04:10:31 PM 1.050 1,654 1,736.70
04:10:31 PM 1.050 5,591 5,870.55
04:10:31 PM 1.050 10,000 10,500.00
04:10:31 PM 1.050 4,409 4,629.45
04:10:31 PM 1.050 980,000 1,029,000.00
04:10:31 PM 1.050 20,000 21,000.00
More than half the daily trade went through in the close.
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