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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Giordano Bruno who wrote (338787)7/20/2007 10:13:05 PM
From: Real Man  Read Replies (1) of 436258
 
I was not talking about the stock exchanges, but I heard CME
lowered the margins for the MM. The glitch was a flush of
program trading, the 1987 mechanism really - as puts blew
through strikes, more futures selling was required. Program
trading was disconnected due to curbs, then reconnected.
Boom! Geez, who says they buy stocks on stock exchanges? -g-
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