Chicago Board of Trade (CBoT) announced last week that no
action will be taken against the firm that input the 3 July
trade that sent the mini-Dow futures contract plummeting.
That electronic trade sent the September Dow futures into a
freefall of 584 points and the December contract down 576
points in less than one minute on CBoT's Ace system (see FO
Week Vol 8 No 27).
CBoT officials declined to name the firm involved, but said
after an investigation, it was not a trade made in error.
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