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The Dax Futures fat finger shocker
By Owen Thomas
The Dax futures fell 2 percent in a matter of seconds just as the ECB announced its rate decision this Thursday. They immediately recovered but the so-called 'fat finger' incident sent panic shock-waves throughout global trading floors as all trading was temporarily stopped.
Saxo Bank's Head of Equity Strategy, Peter Garnry, explains just what happened, why it happened and what traders need to know if they were caught on the wrong side of the sell order. He says the the Dax cash index traded at normal levels with only a small dip. He understands that trades will be restated later.
01:58 minutes
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