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Tradeweb Denies Fat Finger Rumors
Earlier we reported rumors that the reason for a major and sudden plunge in the 10 Year had to do with a supposed fat finger on Tradeweb. It took the Reuters, which describes itself as "a leading global provider of online marketplaces for fixed income and derivatives"
unit just two hours to publish a refutation: "Reports of a multi-billion dollar customer trade
error on Tradeweb this morning are completely false. Indeed, Tradeweb
has a number of safeguards and warnings incorporated into its electronic
markets to prevent 'fat-finger' errors of this type." That's great. So it simply means that our original thesis that vol in bonds (not to mention FX) is now substantially higher than anything than can be experienced in stocks. Thank you Ben for completely inverting the concept of risky assets.
Disclaimer: Zero Hedge, along with everyone else, hopes to apply for "bail out" funding from the Federal Reserve over the next 12-120 months.
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...Tradeweb, a division of Waddell and Reed.
As the gap fillers continue to buy AAPL
And the rate of climb is just enough to get it there by closing time. Near straight line with steady volume... feels so natural...
And the reason Jobs' announcement was yesterday?
Because that is now 'old' news and HFT computers ignore it
So now we have large and aggressive
sellers kicking Sack's 29 year old
traders' butts. Nice work, Ben.
Gotta get those trading revenues up.
china selling bonds ahead of the meeting with Obama? Their basic jist is they won't buy bonds if the US is going to continue to devalue the dollar. Should be interesting. But does anyone care?
China is going to have to stop buying bonds and start selling them for ben to take notice.
It must have been SkyNet. It has become self-aware; thus, the refutation.
Ben's Ponzi has grown beyond his
command and control.
+55.
A classic theme. Think Frankenstein. Forbidden Planet. King Kong.
+3
..and Metropolis
The first and considering when, the best.
"But I want to say one thing to the American people. I want you to listen to me. I'm going to say this again: I did not have fat fingered relations with that keyboard or that woman, Miss Lewinsky. I never told anybody to lie, not a single time; never. These allegations are false. And I need to go back to work for the American people. Thank you and buy the fuking dip."
Time for a new bazooka
Only fat finger here is the middle one I'm holding up for the Bernank, the elf Giethner, and the squid.
Can't you traders just make the billion dollar key all rainbows and sparkles or something to avoid this in the future? Or a bread and circuses button, that when you hit it, there's an appropriate tune as you're shafting the public?
ALERT.
THIS IS A MAJOR ANNOUNCEMENT FROM THE CME.
PLEASE READ THIS CAREFULLY.
Due to an increase in Treasury Market volatility all traders are urged to comply with the following procedure:
*Carefully inspect hands for any abnormalities such as enlarged finger/fingers or any growth.If positive, identify fat finger and carefully remove this by cutting off the digit using a machette or similar sharp edged tool.Insert in a plastic bag and place in your fridge freezer.Label the plastic bag and forward to the CME home address or alternatively to Ben Bernanke's residence*.
PLEASE NOTE:THE CME CANNOT BE HELD RESPONSIBLE FOR ANY INCORRECTLY CUT FINGERS OR LIMBS. ANY PRECIOUS STONE OR ANY GOLD/SILVER/PLATINUM RINGS NOT REMOVED FROM AMPUTATED FINGERS CANNOT BE RETURNED AND WILL BE PAWNED OFF BY THE PPT AND ALL PROCEEDS USED TO PROP UP THE TREASURY MARKET.
Terms & Conditions Apply.
drinking a cup of coffee will never be the same anymore for these guys...
At least it's not their "finger finger" that has to come off if you know what I mean :)
Rumor has it that a mailboy threw some mail on the keyboard of a Bloomberg terminal.
Ja, ja, scheise sandwich bitte. Mit wasser deu toilete fehr trinken.
Amazing how the sell-off in Apple has been linked to Steve JOBS health......
This is an outstanding comment, Ty.
Wonder if this will put that Long-CDS/sell VIX trade in the house of pain.