JTrader
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Hi
If an exchange goes down what happens to open trades?
Lets say CBOT goes down just after you'd gone long on the Dow at 12514, at what price is the exchange likely to come back online at?
Does the exchange come back online at the same price as it went down at?
Or could it come back online -40 points below where you entered the long trade?
if so, is this just tough luck for you?
What causes the exchange to go down in the first place?
Is it an IT problem at the exchange, a problem with the exchanges order book?
Are there major differences in the rules and proceedures between different exchanges - CBOT, CME, LIFFE, LSE etc. for dealing with such crashes - for the price at which an exchange comes back online at, following a crash, open trades etc.?
Thanks a lot.
If an exchange goes down what happens to open trades?
Lets say CBOT goes down just after you'd gone long on the Dow at 12514, at what price is the exchange likely to come back online at?
Does the exchange come back online at the same price as it went down at?
Or could it come back online -40 points below where you entered the long trade?
if so, is this just tough luck for you?
What causes the exchange to go down in the first place?
Is it an IT problem at the exchange, a problem with the exchanges order book?
Are there major differences in the rules and proceedures between different exchanges - CBOT, CME, LIFFE, LSE etc. for dealing with such crashes - for the price at which an exchange comes back online at, following a crash, open trades etc.?
Thanks a lot.