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Q.

Emkay Global Financial Services on Monday admitted an error on its part for the 900-point flash crash of the Nifty on Friday morning---news. Is it another form of market manipulation? Your views?

Tags: money, nifty, financial services
Asked by Good Citizen, 08 Oct '12 02:37 pm
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Answers (3)

 
1.

It is obviously a manipulation that has gone awry and they deserve to have taken a loss of fifty one crores. On top of that, they have the gumption to ask the others to forego the gain that they would have made from Emkay's devious act. How it works is that, those who would have put buy orders at lower levels would have got the order executed on the buy order and immediately taken a profit anywhere between say one to ten percent depending on what level they had put their buy order. Greedy that these big players are, they have given no thought to the thousands of STOP LOSSES that retail investors would have lost once their STOP LOSS SELL orders got triggered.

They claim it is a bonafide error. What error? On a day when everyone was expecting the market to go up due to the fresh reform decisions, they thought they could play smart by making a flash trade or High Frequency trade. These things happen regularly being played by these brokers who play on behalf of huge institutional invest ...more
Answered by Omega, 08 Oct '12 09:44 pm

 
  
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2.

Manipulation kay alaawa aur kya Hindustan main. Phir hoga, kahin aur hoga, koi aur karega, doobaara karega, baar baar karega, karta rahagay
Answered by Dhakka Master, 08 Oct '12 02:39 pm

 
  
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3.

One hundred percent manipulation
Answered by iqbal seth, 08 Oct '12 02:37 pm

 
  
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