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To: bruinbirdman
Try selling anything on a foreign exchange in 5 seconds let alone commodities.

The Japanese markets are liquid; just how liquid ask anyone who has placed an out-of-whack order and got hammered immediately. Mizuho is probably the most famous case in recent years (they mistakenly offered to sell 610,000 shares for 1 yen rather than 1 share for 610,000 yen! --- I think it ended costing them some $300 million), but there are others.

Why we love the Mizuho Securities 40 billion Yen data entry error

89 posted on 11/20/2007 5:53:06 PM PST by snowsislander
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To: snowsislander
"The Japanese markets are liquid; "

Alright! I can see the OPEC demanding trades in yen at the Central Japan Commodity Exchange.

yitbos

90 posted on 11/20/2007 6:21:06 PM PST by bruinbirdman ("Those who control language control minds." -- Ayn Rand)
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