Markets

The day-trading boom is a ‘welcome phenomenon,’ and has actually helped to reduce market volatility, a veteran Wall Street trader says

A veteran Wall Street investor says the rise in day trading is a “welcome phenomenon” and has helped decrease market volatility, Bloomberg reported Monday. Larry Peruzzi, director of Mischler Financial Group, said markets are seeing “less irregular trading dips and spikes” following the rise in day-trading. He noted that the […]
The day-trading boom is a ‘welcome phenomenon,’ and has actually helped to reduce market volatility, a veteran Wall Street trader says
Markets

A day trader who bought hundreds of oil contracts was told he owed $9 million after a trading platform issue meant it failed to show oil’s historic plunge below $0

A day trader who bought hundreds of oil futures contracts during its historic price crash last month was told he owed $US9 million after a technology issue prevented his trading platform from displaying negative oil prices. On April 20, Syed Shah, a day trader in Canada, bought 212 futures contracts […]
A day trader who bought hundreds of oil contracts was told he owed $9 million after a trading platform issue meant it failed to show oil’s historic plunge below $0