It was just past 6pm UK time, when there was a flash on the newswires that the white house got bombed twice and Obama was injured!
This is what happened to the ES mini futures.
In those 5 minutes over 260K contracts were traded!! The ES dropped 16 fat ticks on the move, the Dow dropped 120, and it was caused by someone hacking the Associated Press twitter feed.
The notional value of this was around 20 billion!
Now those guys cleaned up hard on it, the fact the market can be so easily manipulated like this is a cause for concern, and just shows how messed up this market really is.
UPDATE:
This is what happened to the ES mini futures.
The notional value of this was around 20 billion!
Now those guys cleaned up hard on it, the fact the market can be so easily manipulated like this is a cause for concern, and just shows how messed up this market really is.
UPDATE:
The so-called "Syrian Electronic Army," a group of pro-regime hackers, is claiming credit for hacking AP's official Twitter feeds.
This appears to be the organization's third successful hack of an American media outlet in just over one week. Over the weekend, the group claimed credit for similar attacks on Twitter feeds run by CBS News, and last week, the group successfully attacked NPR's content management system and Twitter feed.
This appears to be the organization's third successful hack of an American media outlet in just over one week. Over the weekend, the group claimed credit for similar attacks on Twitter feeds run by CBS News, and last week, the group successfully attacked NPR's content management system and Twitter feed.
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