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JimDiGritz

Fat Fingers Wiped 9% Off Bt, Hays & Next Shares

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http://www.telegraph.co.uk/finance/markets/7963202/Circuit-breakers-kick-in-to-halt-strange-trades-on-London-Stock-Exchange.html

The circuit breakers, designed to prevent excessive volatility, kicked in at about 2pm, suspending trading in shares in BT Group, Hays, Next, Northumbrian Water and United Utilities after each stock moved more than 5pc from their opening price.

Basically another case of a traders fat fingers meant that billions is wiped off the FTSE accidentally. HF trading algorithms may also be to blame... this is getting more absurd by the minute.

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http://www.telegraph.co.uk/finance/markets/7963202/Circuit-breakers-kick-in-to-halt-strange-trades-on-London-Stock-Exchange.html

Basically another case of a traders fat fingers meant that billions is wiped off the FTSE accidentally. HF trading algorithms may also be to blame... this is getting more absurd by the minute.

So basically, if you want to dump a share because you realise it's a donkey you aren't allowed to if everyone else tries at the same time. You've got to love the free market.

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Only young girls under the age of 12 should be allowed to sell and buy on the FTSE - small fingers - just like the cotton mills of the 1800s.

Haha, exaclty maybe Goldman Sachs could force small children to climb into the bowels of their supercomputers and dislodge spurious trades made by the HF trading software....

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Only young girls under the age of 12 should be allowed to sell and buy on the FTSE - small fingers - just like the cotton mills of the 1800s.

Not entirely convinced any human fingers are involved at all these days TMP.

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but it's okay, the Undo button came to the rescue

To think that Ctrl+Z could the basis for an entire futuristic religion. :lol:

Edited by Dave Spart

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Not to let the facts get in the way of a good story (again), some of the prices spiked up rather than down but, hey that's not so interesting.

Also, according to the LSE, it wasn't a fat finger, but a more deliberate trading strategy by the trader in question.

This site should be twinned with the Express for accuracy.

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Not to let the facts get in the way of a good story (again), some of the prices spiked up rather than down but, hey that's not so interesting.

Also, according to the LSE, it wasn't a fat finger, but a more deliberate trading strategy by the trader in question.

This site should be twinned with the Express for accuracy.

Triggering the circuit breakers is a trading strategy now? Its getting like that "kobayashi maru" simulation in Star Trek where Captain Kirk reprogrames the simulation. "Cheats" in other words. Well that figures. :lol:

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Why do we never hear of the price being bid up wrongly? Is there a circuit breaker if they go up more than 5%?

Is this another case of the banksters being very happy for joe public to overpay for shares, but good god, dont let him underpay?

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Not to let the facts get in the way of a good story (again), some of the prices spiked up rather than down but, hey that's not so interesting.

Also, according to the LSE, it wasn't a fat finger, but a more deliberate trading strategy by the trader in question.

This site should be twinned with the Express for accuracy.

Shock! Fat finger trade wasn't a fat finger trade! <_<

The question is: why are even 'normal' trades being suspected as a potential crisis?

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Shock! Fat finger trade wasn't a fat finger trade! <_<

The question is: why are even 'normal' trades being suspected as a potential crisis?

Lazy journalists and even lazier posters.

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Not to let the facts get in the way of a good story (again), some of the prices spiked up rather than down but, hey that's not so interesting.

Also, according to the LSE, it wasn't a fat finger, but a more deliberate trading strategy by the trader in question.

This site should be twinned with the Express for accuracy.

Every time you come on "this site" you badmouth it and its posters...

...and yet you keep coming back.

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Why do we never hear of the price being bid up wrongly? Is there a circuit breaker if they go up more than 5%?

Is this another case of the banksters being very happy for joe public to overpay for shares, but good god, dont let him underpay?

United Utilities did trade up .

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Every time you come on "this site" you badmouth it and its posters...

...and yet you keep coming back.

True. I feel it's my duty to point out factual inaccuracy so others don't make bad decisions. Also, the occasional interesting link (not to an illiterate rant on Youtube) or nugget of informed opinion just about makes up for the dross.

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  • 149 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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