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A Paction Of More Than 6000 Hands Zheng Cotton Emerges The Large "Wrong Order".

2011/12/30 8:52:00 12

Yesterday, Zheng Shang cotton 1209 contract broke out in early trading.

In no

essence

In the case of sexual negative factors, the contract was nearly 900 points lower than the previous trading day, and it was quickly pulled back to 21220 point after a single paction of 6210 points at 20490 points.


Zheng Mian 1209 contract is currently

cotton

Futures sub contract, nearly 10

paction

The average daily turnover is about more than 20000 hands, and 40332 hands were traded yesterday. The more than 6000 hand trading accounts for about 15% of the turnover.

In addition to the more than 6000 hand deal, the largest single deal on that day was more than 400 hands.

Futures Daily reporter roughly estimated that the more than 3000 cotton contracts concluded at 20490 points will have more than 11 million yuan profit after pulling back to 21220 points.


In actual pactions, some investors like to hang up a list at the price of a contract. Once an opponent's plate hits the wrong order, it will facilitate the paction between the two sides at the abnormal points, so that the clients can get substantial profits.

This kind of paction which uses investors' mishandling is commonly called "fishing list".


"The ordinary" fishing list "hangs at most one or two hands, like this one paction more than 6000 hand massive" wrong single "is very rare.

A private trader trader Ge Ge said that judging from the conventional futures trading logic, no one should hang up so many "fishing lists" at one time.

Even if there are, it is unlikely that there will be so many opponents at the same time.


For this paction, it is not clear whether anyone intentionally made any response to it and whether there were any illegal activities.

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In recent months, with the implementation of the purchasing and storage policy, the domestic cotton market has been stabilizing. Yesterday, the 1205 cotton contract was closed at 20805 yuan / ton, a slight drop of 5 yuan / ton compared with the previous day, and 20880 yuan / ton in the current round.