Acuiti: flash rally in Euribor carried out prop shops

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By GlobalCapital
21 Aug 2019

Derivatives analytics platform Acuiti claims a flash rally in Euribor on the Intercontinental Exchange resulted in substantial losses for proprietary trading firms.

Acuiti said an anomaly in trading in the Dec 20/Mar 21 Euribor spread on ICE resulted in several proprietary trading firms experiencing big losses in July.

A flash rally in Euribor occurred on July 24 over a period of about five minutes in the evening. It remains uncertain ...

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