Euribor Flipper??

Gentlemen, hows it going?
Im new to this board and have a question about EB's

For the people out there trading EB's, over the last month there appears to be a flipper operating in the liquid Euribor month. Does anyone know more about this, or who it is??

Also are there any LIFFE rules&reg's that people know of that could end this, as Eurex are totally impotent with the schatz/bobl/bund BS thats going on
Cheers

In my opinion if someone is putting large bid/offers in and IS willing to be hit on them then they can't be doing that much wrong.

Perhaps the reason that the markets seem so reluctant to do anything is a flipper or a few flipper type traders are very very good for business and an exchange is there to make money.

If you look at the bund flipper since he's been operating volumes have been going through the roof so the argument 'it's bad for business' cannot be that strong.

If you're the new Soros, newsoros then surely you should have the market smarts to get around this minor problem

Its true that offically they are not breaking exchange rules, as their huge bids/offers could be hit/or lifted - but its stll a bitch!

The guy knows there are a lot of locals and spreaders leaning on every bid/offer, so he just takes money out of their pockets.


As the newsoros, im still at the begining part of the learning curve - in 10 years you'll hear about me bringing down the Euro!

Can you give a specific example of when this has happened?
I would like to look back at the tape to see what was done.

well he was def. around last week - weds, thurs fri. He was offering upto 7/8000 lots, a 500 lot clip trades and it went with with 6000. He then cancelled some of the offer, trying to put the squeze on people

Which contracts was this on?

sep 05

sorry - can someone please explain a "flipper" ?