Dollars and Jens
Wednesday, January 14, 2004
 
busted trades
Some trades on the Chicago Board of Trade's electronic system were busted last night. Gold future trades executing with prices below $420 a bit after 3 this morning (central time) were negated. Markets will sometimes be halted on news, but trades don't generally get busted unless something technical has gone wrong; I have no more details than what I'm providing, and have trouble imagining what would have happened electronically to result in a bust; I don't know whether a large order accidentally entered to sell at $42 would be viewed as grounds for a bust or not.


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