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The thing that no one wants to acknowledge is that the commodity exchanges
regularly change the rules to suit and benefit their membership. Why you
are surprised I don't understand.
----- Original Message -----
From: <schnake1@xxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, February 04, 2003 6:28 PM
Subject: [RT] Ira T. how does that work? or anyone!
> So the guy places an order to buy 9000 ESH3 by mmistake, runs it up
> to 94800 buying, then says oops and the CME decides how to to
> reconcile, I guess deciding what they can get away with charging all
> the little guys (me) to offset and console the big guy who made a
> moronic mistake. And is he responsible for his obligations? And who
> is selling up there? Can he unload 9000 by 95000?
> wish I had had a limit sell order at 93025 or so. And if I placed one
> daily and this happened would I fill or be busted?
>
> Steve
>
>
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