The Euribor spiked after the European Central Bank said that European banks were set to pay back a far lower amount of the cheap funding they received during the eurozone crisis than had been expected.
The volatility at the time was insane as my platform froze, as the volume of orders going through was massive. Over 100k contracts traded on the euribor in that 1 minute following the news, which explains why my system froze.
Either way, I couldnt get long as my orders were all going stale, but once we pushed up, I managed to get long the whole curve and then make profit on those spreads which worked out well.
But judging by the size of the clips going through, there are going to be a few guys popping some bubbly tonight!
Below is a video of the move with some analysis. Volume is a bit low.
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