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> Beginning at 1:22 a.m. (UTC+1) on 30 June 2009, while still blacked-out, Perkins traded 7 million bbl (1.1 million m3), worth $500 million (£340 million); at
by RcouF1uZ4gsC 7y ago
> Beginning at 1:22 a.m. (UTC+1) on 30 June 2009, while still blacked-out, Perkins traded 7 million bbl (1.1 million m3), worth $500 million (£340 million); at times this represented 69% of the volume of oil then being traded[1][2] and ten times the average trade volume. He made his last trade at 3:41 a.m., approximately two and a half hours later.[3]
My intuition is that a disproportionate amount of stupid decisions in the world take place between Midnight and 6 AM local time.
- NickNameNick 7y agoI knew a guy who used to work for a european market-making bank. He said a major part of is job had been helping the overnight traders in New York unwind their trades when they sobered up.
- philwelch 7y agoYeah, there’s an old saying, “nothing good happens after midnight”.