Friday, November 20, 2009

InterContinentalExchange Cancels Dollar Spike

Update: MarketWatch has more via FT Alphaville, "My big fat dollar finger"
Original Post:
From Economic Policy Journal:
File under: Very Curious Event

A London-based official at ICE said that the exchange is cancelling trades on dollar index futures above 76.50, after a spike in the contact that saw it jump to 82.18. The official said they are still investigating the cause for the move. Recent trades showed the contract up 0.7% to 75.89.