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by rich_sasha
78 days ago
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It is very weird and suspicious but not out of the realms of possibility. And I don't say it because I'm vouching here for the honesty of this administration. Crude oil contracts (WTI and Brent - both same size) traded roughly 3m contracts that day. 6,200 quoted by FT is about 2% of that. It's a lot - crazy much. But not crazy-crazy-someone-is-defo-a-crook crazy. It's not even a given at this point that all these trades come from one person. In fact I doubt they do - because most brokerages would simply not allow you to put this trade. It could well be a huge trade, but a fraction of the 6200 that changed hands, then HFT algos jumping in in the action. Which is all investigable, and should be investigated. |
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