Adamus
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Does anyone recall what happened to futures trading in the immediate aftermath of the 9/11 attacks and the destruction of the Twin Towers?
I'm planning to trade 24 futures markets, of which 75% were shut down by the event.
I assume that some of these were actually trading floors in the Twin Towers, so presumably trading was halted abruptly on the Tuesday morning when the aeroplanes hit. Is that correct?
I'm using end-of-day data, so I don't have any tick data to check what trades occurred on the 11th.
Many of my markets which were shut on the 12th were Chicago markets - was a holiday declared? I don't remember.
If anyone knows of a book, a documentary or report which covered this, I'd appreciate the reference.
I'm looking at the money management aspect of my trading system and currently I'm using the biggest gap between Close and next day Open as my 'worst case scenario' for risk exposure, and I'm thinking of adding some kind of multiplier to it.
The worst affected seem to be the S&P which opened down 3000 dollars per contract 3 days later, and Gold, which opened up 650 dollars per contract.
PS had a look at the earliest messages on the forum here and it was strangely devoid of comment about the event - although it did look like the whole website had only just begun at that point.
I'm planning to trade 24 futures markets, of which 75% were shut down by the event.
I assume that some of these were actually trading floors in the Twin Towers, so presumably trading was halted abruptly on the Tuesday morning when the aeroplanes hit. Is that correct?
I'm using end-of-day data, so I don't have any tick data to check what trades occurred on the 11th.
Many of my markets which were shut on the 12th were Chicago markets - was a holiday declared? I don't remember.
If anyone knows of a book, a documentary or report which covered this, I'd appreciate the reference.
I'm looking at the money management aspect of my trading system and currently I'm using the biggest gap between Close and next day Open as my 'worst case scenario' for risk exposure, and I'm thinking of adding some kind of multiplier to it.
The worst affected seem to be the S&P which opened down 3000 dollars per contract 3 days later, and Gold, which opened up 650 dollars per contract.
PS had a look at the earliest messages on the forum here and it was strangely devoid of comment about the event - although it did look like the whole website had only just begun at that point.
