Recent content by whenwilljack

Fair enough guys. I am far from experienced in these matters so happy to defer to your wider experiences. It appears then that GKFX are acting fairer than my gut was telling me. Shame I didn't ask you all first before turning down the £50 ;) Thanks for all the comments

I'd have to question who would have noticed the manifest error in the event of losses to me. I wasn't aware at the time, and GKFX clearly didn't know about the pricing error until I made money. If these assumptions are correct then I assumed risk with no chance of reward which doesn't seem fair.

I guess that's where my doubt regarding the manifest error comes in. At the time I certainly didnt think the prices were based on a technical error. The prices were only in a 20 cent range around the correct level that oil was trading at the time so it wasn't blatant that prices were incorrect...

Thanks for your opinion gle. Although I feel let down by the situation I am open to other perspectives, and not against admitting I'm wrong if it turns out that way. I have to confess I am not aware of the nuances of the unwinding of flash crash trades. Still can't help feeling that £25 compared...

Sucks doesn't it? And I guess there's nothing I can do about it and just have to accept it?

I agree pboyles. If I'd have taken a loss here I would have moved on not realising that 'incorrect' prices had been trades. I think there is zero chance they then would have emailed me and said 'sorry sir, that losing trade you did on oil was a manifest error so here's your losses back'. I...

As I suspected then. Annoying but if that's the legal standing then I accept that. Surprised by GKFX's lack of decent customer service in their handling of it though. Frustrating that a large corporation makes a mistake and doesn't feel the need to accept any responsibility/cost. If an...

I agree that in all likelihood their feed was messed up. I guess the main point of my post was would this count as a manifest error, or is the scale of the error not significant enough for that?

I think you could be right. If it helps, the feed is from GKFX and it is from 9am GMT (the trade logs are GMT +1)

When you say 'anywhere near those levels' how far away are we talking? Could you post a chart if possible? I compared it to another broker's feed and it didn't look far off to me (few cents difference only)

Sorry, when you say it looks right do you mean the prices look right or the manifest error looks to have been applied right? Also the data you may have compared to might be wrong as this broker quotes the time as GMT+1 for some reason

The majority of trades were US crude but I switched to Brent after the US market froze/ was shut down. The price action was similar on both. I've attached the WTI chart

I've attached the trade log. I'm not certain what month to be honest. The symbol for the chart is WTISB so there's no letter to represent the month. I would assume it was July though?

That's correct, sorry should have said that in original post. Also wanted to add that I'm not sure if this is the correct forum so feel free to move it if necessary

Hi all, Last Friday morning I had an unusual situation occur. I was watching the oil markets and noticed volatility increase. I wasn’t aware of why this was happening but noticed that, while price movements were volatile and jumpy, they were fairly consistent and repetitive. I've attached a...