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To: stock2005 who wrote (11187)5/3/2006 8:40:46 PM
From: Real Man  Respond to of 12411
 
I don't know, but some other people commented that these
big volume spikes originate in e-mini SP contracts, usually,
amounting to 15,000 contracts per minute,
and are often cross-orders, which means that the same
party took the opposite side with the only purpose to
get the price higher. This is highly illegal, but it is
happening. I noticed that on the DOW quote.com, which
is the only index for which consistent volume appears on that
site. 990N? -g-

dailyreckoning.com

The trader who wrote this was on the floor, and I communicated
with him over the net on some forums. He claims its 15,000
contracts per minute (SP e-mini) purchases coming from
a single nic 990N, orders are often crossed, and no contract
limits are enforced.

This has been happening for a while

usagold.com