This is the story:
http://www.bloomberg.com/apps/news?pid=20601087&sid=acnlqN5nGgSE&refer=home
Did they manipulate prices and for whose benefit?
A side question: holding 100,000 contracts at a time makes these guys fools in terms of market risk. One cent move was equivalent to $10 Mil equity swing. What's going on?
Alex
http://www.bloomberg.com/apps/news?pid=20601087&sid=acnlqN5nGgSE&refer=home
Did they manipulate prices and for whose benefit?
A side question: holding 100,000 contracts at a time makes these guys fools in terms of market risk. One cent move was equivalent to $10 Mil equity swing. What's going on?
Alex
