Friday, May 7, 2010

CME confirms no Fat Finger

At least they admit to no irregular trading snafus.

http://www.zerohedge.com/article/cme-issues-press-release-confirms-no-fat-finger-will-cnbc-issue-retraction-repeated-factless


According to Themis Trading:

Yesterday afternoon and evening all the business programming focused on how the markets were in turmoil, and Greece this, and overdue correction that, and fat finger the other thing. They couldn’t even recognize the story, as even the business media doesn’t understand that the markets are a changed structure and beast. The story is not a key-punch error. The story is a failed market structure. The market failed today.

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