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Posts tagged as: kospi

A Knight in the Kospi

43 comments / December 13, 2013

Algo gone wild again in the Kospi index options in Seoul yesterday. The Korean broker Hanmag Securities confused calls with puts and did so in an automated matter. Their prop desk placed a program order right after market open. The story is : selling for a few KRW per contract, while buying for a fewRead more

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Ethanol and Kospi trading losses

96 comments / January 8, 2013

Knight went down on a single system glitch. Buttonwood lost it all on a rogue trader in Ethanol futures in December. This product is uncharted territory for me, but I’m told its closely connected to other commodity futures such as corn. The trader had a reputation among other Ethanol traders. According to unconfirmed chatter hisRead more

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