Hacker News new | ask | show | jobs
by pixl97 922 days ago
https://en.wikipedia.org/wiki/Onion_Futures_Act

In smaller markets stock trading can turn into a manipulation game completely unrelated to the underlying asset.

1 comments

Thanks for the link, what a fun story! Was it unrelated to the asset though? The article says

> Authority stated that it was the perishable nature of onions which made them vulnerable to price swings.

I'm just an interested bystander in terms of futures trading and the article relates to some studies which seem to find that even in the very decade of that incident, onion price volatility was decreased. So is there any strong evidence supporting that any small futures market can be gamed?