Interesting future strategy? Manipulative lawsuit pending according to Bloomberg?
This came in from some one in NYC regarding this futures idea: (so many ideas but such little time)
Specifically…..
“Wilson and DRW knew that the settlement price of the contract relied on bids placed on the futures exchange during a 15-minute “settlement window” each day, before the close of trading, according to the complaint. The firm artificially increased the value of its position by “banging the close,” making bids within the settlement window and then canceling them so transactions weren’t completed, the CFTC said.”
–>Cancelling orders? oooh
NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!