Market Inquiry Focuses on One Trader
So, Mr. Gensler wont identify the trader ... yeah, yeah, like we don't know.Regulators examining the causes of the brief stock market free fall last Thursday are looking closely at heavy selling in the market for stock-index futures by a single trader...
Gary Gensler, the chairman of the Commodity Futures Trading Commission, said at a Congressional hearing on Tuesday that during that crucial time period, the futures trader, whom he would not identify, accounted for about 9 percent of trading volume in the most actively traded stock-index derivative contract, known as the 500 e-mini futures contract.
All of the trader's orders were to sell, ...
As the trader's orders went through, the futures index on the Chicago Mercantile Exchange began to plummet.
So, TH, what do you have to say for yourself, hmmmmm?