kloten flughafen. (0.31 seconds) 19:13 GMT October 1, 2009
Subject: MetaTrader Expert Advisor For Sale
CHOICE CHAOS THEORY HADRON SKITS GBP'S GrossNatinalP PRODUITS
AMS MAXXXIM 18:42 GMT October 1, 2009
Subject: MetaTrader Expert Advisor For Sale
ABOUT: ?SCREW JOOD TABLES OPTELEN AFTREKKEN X :DELENZ
Lahore FM 16:22 GMT October 1, 2009
Subject: MetaTrader Expert Advisor For Sale
all position closed the advisor has amde 958.27USD in exactly 4 hours and 5 mins of trading in oil futures today.
London M 14:05 GMT October 1, 2009
Subject: The Importance of Crosses in Spot Trading
Jay,
thank you so much for your kind investigation.
I NEVER heard of 1:15 fix on the quarter end.
will keep in mind from now on.
thanks again!
GVI Forex Jay 13:44 GMT October 1, 2009
Subject: The Importance of Crosses in Spot Trading
London M. It is an earlier fixing due to quarter end. Nothing special about it otherwise but something to keep in mind at quarter end.
GVI Forex Jay 12:58 GMT October 1, 2009
Subject: The Importance of Crosses in Spot Trading
I had the same question yesterday when UK JB mentioned it. I will investigate and report what I find.
London M 09:58 GMT October 1, 2009
Subject: The Importance of Crosses in Spot Trading
Jay, thanks for this eur/gbp story. I read it with huge interest.
one question if I may be allowed to ask,
what is 13:15pm fixing?
I thought the London fixing time is 16:00pm London time. Is there any ''fixing'' at 13:15pm, for the future reference?
big thanks in advance.
GVI Forex Jay 09:42 GMT October 1, 2009
Subject: The Importance of Crosses in Spot Trading
This is from a post on GVI FOrex and is a recap of what happened in EUR/GBP and GBP/USD yesterday. It shows how the market can be morew than looking at charts in this world of electronic trading. See the 1 hour chart posted above and the eur/gbp reaction off the .9080 double bottom:
Yesterday proved to be all about the RBS lhs fix order at 1.15pm and moves leading up to it and after it were all down to this order. The entire market was aware of the transaction through rumours and the trade being advertised on the radio and as expected the cross came under heavy selling pressure from the open. Prop/model sellers were seen everywhere but considering the amounts that were going through the fix always looked like the smaller side. Around 1pm brokers were asking interbank players for requests to fill buy orders at the 1.15 and these were turned down giving us an indication of the size going through (two requests 300mio 160 mio! we know of). RBS began selling around 1pm moving us from 0.9110-15 to 0.9080 and already you could see the market feeding on the offers and the pair sprang back quickly from 80 offered to 00 bid . Once the fix began (0.9093 around 3 yards we understand) the market inverted (98/93) and Reuters crashed! to add to the confusion. Instantly we moved back to 0.9110 then 0.9125 as the scramble to cover shorts began. It turned out RBS machine crashed totally and they had no idea of the size of their shorts and once positions were calculated the order had been over filled and RBS then had to buy good size back moving it to 0.9140 and 0.91785 in Asia.
In all of this cable was the slave to the order and an easy sell anywhere close to 1.61 coming down to the mid 1.59's at the London close.
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