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I think all the order entry software would allow this if the user does not
configure the software to request confirmation.
Presumably today's event was caused by an employee of a large firm.
I would hope that the clearing firm would catch this before it hit Globex if
an independent trader made such an error.
Rgds,
Kim
----- Original Message -----
From: "M. Simms" <prosys@xxxxxxxxxxxxxxxx>
To: "krf01" <krf01@xxxxxxxxx>; "Andrew Nopper" <tradera@xxxxxxxxxx>; "List,
Omega" <omega-list@xxxxxxxxxx>
Sent: Tuesday, January 15, 2002 7:13 PM
Subject: RE: ES and NQ Price Spike at 1003 CST
> Exactly WHICH ORDER ENTRY software permitted this without confirmation
?????
>
>
> > -----Original Message-----
> > From: krf01 [mailto:krf01@xxxxxxxxx]
> > Sent: Tuesday, January 15, 2002 4:45 PM
> > To: Andrew Nopper; List, Omega
> > Subject: Re: ES and NQ Price Spike at 1003 CST
> >
> >
> > Apparently, someone fat-fingered an order for 200 NQ and entered 2000
> > instead.
> >
> > Rgds,
> >
> > Kim
> >
> > ----- Original Message -----
> > From: "Andrew Nopper" <tradera@xxxxxxxxxx>
> > To: "List, Omega" <omega-list@xxxxxxxxxx>
> > Sent: Tuesday, January 15, 2002 12:38 PM
> > Subject: Re: ES and NQ Price Spike at 1003 CST
> >
> >
> > > How about an error on 1,862 orders, because that's the number
> > of contracts
> > > that went through on the 1 minute NQ bar that spiked up to
> > 1679.50!!! The
> > ND
> > > spiked up as well, to 1650 on QCharts, and was later adjusted down to
> > 1638.
> > > The spooz only spiked up to the day's high, so it sounds like a
> > rumour hit
> > > the Nasdaq pits.
> > >
> > > Andrew
> > >
> > > ----- Original Message -----
> > > From: "Brian" <blink64@xxxxxxxxx>
> > > To: "List, Omega" <omega-list@xxxxxxxxxx>
> > > Sent: Tuesday, January 15, 2002 1:17 PM
> > > Subject: RE: ES and NQ Price Spike at 1003 CST
> > >
> > >
> > > > My broker said it was an "error on an order".
> > > >
> > > > -----Original Message-----
> > > > From: erwilm45@xxxxxxxxx [mailto:erwilm45@xxxxxxxxx]
> > > > Sent: Tuesday, January 15, 2002 9:02 AM
> > > > To: Omega-list
> > > > Subject: ES and NQ Price Spike at 1003 CST
> > > >
> > > >
> > > > Hello List,
> > > >
> > > > Any idea what caused the price spike in NQ and ES at 1003CST. I'm
> > > > checking the headlines and don't see any news or reports to
> > spur such a
> > > > move.
> > > >
> > > > Thanks.
> > > >
> > > >
> > >
> >
>
>
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