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SI - Site Forums : The Un-Welcomed

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From: Fiscally Conservative	5/14/2010 1:21:43 PM
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Hmmm... NEW YORK (Reuters) - A big mystery seller of futures contracts during the market meltdown last week was not a hedge fund or a high frequency trader as many have suspected, but money manager Waddell & Reed Financial Inc, according to a document obtained by Reuters. Waddell sold on May 6 a large order of e-mini contracts during a 20-minute span in which U.S. equity markets plunged, briefly wiping out nearly $1 trillion in market capital, the internal document from CME Group Inc said. finance.yahoo.com Now why would anyone firm liquidate so many muni contracts in the market in one day? Hmmm...

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