Oanda FX Trading Halt for Greek Election Night [NotSoBreaking] - MarketTicker Forums


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User Info	Oanda FX Trading Halt for Greek Election Night in forum [NotSoBreaking]
Usonian Posts: 478 Incept: 2010-04-14 Orange County, CA	Link to story at ZH: http://www.zerohedge.com/news/due-extrem.... foresee EUR/x trading suspended Sunday night on their system. I went to Oanda site, but it was =not= posted - perhaps this just went to account holders? Anyway, one has to wonder: a. What do they know? Same as the rest of us? (detonation imminent) b. Who will follow suit? These guys are a pretty big outfit, aren't they? Would love to see what you FX guys think. Ram? Asi? Thanks. ---------- What a man does—that he has. You may find other things on him, but they are not his. Frank Lloyd Wright Last modified: 2012-06-13 22:42:27 by usonian Reason: grammar 2012-06-13 22:35:50 Permalink
Pooslinger Posts: 4385 Incept: 2007-11-06 Illinois	Markets don't detonate on known news. 2012-06-13 22:40:41 Permalink
Asimov Posts: 103941 Incept: 2007-08-26 East Tennessee Eastern Time	I think they're just covering their customers asses. They're not going to allow trading from 6am to 3pm sunday. That's still opening 2 hours earlier than most brokers. Very low liquidity during those times and the possibly idiotic moves that come during it... I'd say they're just trying to do exactly what they say - protect their customers. Nobody else will follow suit because nobody else (that I'm aware of) allows retail FX trading during those hours. ---------- It's justifiably immoral to deal morally with an immoral entity. If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente. 2012-06-13 22:42:00 Permalink
Usonian Posts: 478 Incept: 2010-04-14 Orange County, CA	Asi, Thanks - that was very illuminating. Poo, They sure rally on it. Why wouldn't they also detonate? Nobody 'knows' anything, as far as I can tell... Not even those 'In the know'. ---------- What a man does—that he has. You may find other things on him, but they are not his. Frank Lloyd Wright 2012-06-13 22:44:29 Permalink
Pooslinger Posts: 4385 Incept: 2007-11-06 Illinois	Detonate is different than a sell off. Markets typically collapse when there are unknowns. The elections won't be what sets this off at least initially. Last modified: 2012-06-13 22:57:12 by pooslinger 2012-06-13 22:56:57 Permalink
Ramthebulls Posts: 10858 Incept: 2007-09-24 Queens, NY	None of the other FX brokers are open Sunday morning anyway. Oanda is just covering their ass in case Euro moves 100 pips on breaking Greek election results, and their data feed lags. ---------- Umbrage is like love. No matter how much someone takes, there's always more for you to give. 2012-06-14 09:13:29 Permalink
Frat Posts: 1935 Incept: 2009-07-15 NKY	Going on a 4-day weekend vacation with the family. It'll be our last time with the just our two midgets, before they become THREE midgets. So.... I'm hoping for a crash and burn Greek election - I can sit back and watch and drink a beer. ---------- We're ***ed. Where's Henry Bowman when you need him? 2012-06-14 11:10:01 From PDA* Permalink