CBot: no action on mid-Dow drop

Chicago Board of Trade (CBoT) announced last week that no action will be taken against the firm that input the 3 July trade that sent the mini-Dow futures contract plummeting.

That electronic trade sent the September Dow futures into a freefall of 584 points and the December contract down 576 points in less than one minute on CBoT's Ace system (see FO Week Vol 8 No 27).

CBoT officials declined to name the firm involved, but...