The Order finds that from at least February 2008 and continuing through at least September 2014, DB AG, by and through certain precious metals traders, engaged in a scheme to manipulate the price of precious metals futures contracts by utilizing a variety of manual spoofing techniques with respect to precious metals futures contracts traded on the Commodity Exchange and by trading in a manner to trigger customer stop-loss orders
Wreaked Havoc On Digital Currencies
While traders agree that regulations drive down liquidity for markets, no one knows for sure if these price moves were triggered by stop-loss orders
or something more nefarious.
Morgan Stanley (NYSE: MS) is believed to have asked staff to consider using stop-loss orders
if indications from the market suggest an increase in volatility.
30, its lowest since July 12, as stop-loss orders
were triggered in thin market conditions, by what some market participants speculate might have been a trading mistake.
While stop-loss orders
were intended to offer a measure of protection, they in fact made it worse on both occasions.
The Fool responds: While some do like to set stop-loss orders
to protect against price drops, others avoid them because stocks sometimes just plunge and then recover and go on to reach new highs.
Finally, the banks attempted to trigger stop-loss orders
with clients to boost profits.
According to traders stop-loss orders
-- automatic sale orders placed at pre-set levels to limit losses -- were triggered when gold was sitting on the edge of $1,200.
Traders said stop-loss orders
were triggered when gold was sitting on the edge of $1,200.
Other investors have fallen victim to stop-loss orders
, which are ironically set up to automatically sell stocks when their prices fall to a certain level in order to protect investors from major losses.
07 yen with stop-loss orders
cited below 101 yen and was last at 101.