Who appropriated 9 000 000 Dollars?

 Returning to yesterdaythe incident with the ZNM0 futures. After all, if someone has lost, then someone has earned. Perhaps many have made money on this., but something is doubtful this version — probably someone else has earned, двое, трое. I, for example, lost everything on it 2000, or rather, so much immediately went into a minus, since I was only applying for one contract. In just this minute, it was traded 9000 Contracts. Considering what was sold to me at the very top, then let's take the average — allowable, on each contract was lost by 1000 Dollars. Means 1000 * 9000 = 9 000 000 — that is, someone got 9 million in one minute….

Since now almost all day traders, then they usually trade more than one contract, and on 10, 20, 50 and more, with a short stop, which creates the feeling that the risks are under control. So imagine, the day trader yesterday placed an order for a breakout of the level at 10 Contracts. It is opened at the top, the price is returned and it is immediately in the red by 20 000 Dollars. If this is his entire deposit, then he goes out of business in a minute. А если 50 Contracts — then he is in the red 100 000 dollars and still owes the broker 80 000, who will demand this money in court, since usually such a moment is stipulated in contracts.
Someone will say — need to set stop limits, then you will be safe. On the one side, logical. And what about the protective stops?? It is dangerous to place stop-limits as protective stops — the price may slip through and the position will not close. And in the case of an ordinary stop — let's say you were short on ZNM0 yesterday 50 contracts and you had a simple protective stop. И что же, за одну минуты вы получаете маржин колл и выходите из бизнеса.

  Bankruptcy / Noise (2010)

The exchange admitted that the situation was abnormal, but all transactions remain as they are, nothing is canceled. So much for the exchange, which many idealize in the context of comparison with Dealing Centers.  

But this is one of the most liquid instruments and it is unlikely that such a situation can happen without the participation of some kind of behind-the-scenes mechanism.. Here is a day trader earning a year, two, three, and the fourth time, and took away everything that he had earned and it is still possible, more. There are probably other ways to take money from successful traders." — I think, this is not the only one…

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