FOREX TRADERS

[ultimatepick]

Man this thread kicks major azz.
Glad I don't have a billion to unload LOL!!!
Glance forget about your billions.
Take a million and make 10% to have your cool 100 grand to spend on pruning your cat fur.
You can even get another cat (or DOG for that matter) to lick you all over so you can be nice and clean.


Quote:
Originally Posted by zeroz
Out of curiosity, what was the effect of the 1 billion dollar order and on which currency was it?

I remember that our 1.6 bio USD/JPY market order Tokyo session "sell" once was executed in average about 30 pips below the price and the overall downside impact was about 100-110 pips. Often someone else's stops also get triggered by such a trade. I guess that was the case then. It took a couple of hours however for the price to get back where it started from.
Also as far as I remember, BoJ used to spend on a single intervention attempt $4-7 bio, each time causing market volatility to be anywhere between 150 and 350 pips. The impact hugely depends on time and trading levels.