Reuters 3000, One Of Two Key Global FX Trading Platforms, Is Offline
http://www.zerohedge.com/sites/defau.../picture-5.jpg
Submitted by Tyler Durden on 08/21/2012 17:19 -0400
In the aftermath of its recent epic hacking, Reuters decided to take down its in house blogs. Few people noticed, and from what we hear they are still down. However, when Reuters' 3000 - the firm's FX trading platform: "one of the two key systems used by currency traders around the world, experienced an outage Tuesday, according to several market participants" goes down, and has yet to come up, we can only hope that someone has paid attention unless FX trading is also now thoroughly dominated by algos as well) to a market which transacts to the tune of several trillions in notional every day. But perhaps most interesting is that the "break" occurred at precisely 3:13 pm, at just the moment when the accelerating selloff in the EURUSD, and thus the broad market, could have caused quite a headache for those whose reelection chances are dependent on the S&P being as high as possible heading into November.
http://www.zerohedge.com/news/reuter...ystems-offline
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Tell me the dam market isn't manipulated!
http://www.zerohedge.com/sites/defau.../picture-5.jpg
Submitted by Tyler Durden on 08/21/2012 17:19 -0400
In the aftermath of its recent epic hacking, Reuters decided to take down its in house blogs. Few people noticed, and from what we hear they are still down. However, when Reuters' 3000 - the firm's FX trading platform: "one of the two key systems used by currency traders around the world, experienced an outage Tuesday, according to several market participants" goes down, and has yet to come up, we can only hope that someone has paid attention unless FX trading is also now thoroughly dominated by algos as well) to a market which transacts to the tune of several trillions in notional every day. But perhaps most interesting is that the "break" occurred at precisely 3:13 pm, at just the moment when the accelerating selloff in the EURUSD, and thus the broad market, could have caused quite a headache for those whose reelection chances are dependent on the S&P being as high as possible heading into November.
http://www.zerohedge.com/news/reuter...ystems-offline
-----------------------------------------------------------------------------------------------------
Tell me the dam market isn't manipulated!