As a complement of my previous post about the Stock markets Krach and Société Générale (“Société Générale nearly crashed the world Stock Exchange“), I wanted to provide the exact figures about the very heavy operations forced by the French bank onto the markets (closing the outstanding contracts) during the first 3 days days of last week. These activities furiously pushed the European markets down. When you look at the figures, you understand the impact they had.
|Contracts sold by
|Total volume of
EuroStoxx 50, DAX,
FTSE 100 futures
Of course, when a single operator must sell -with no price limit- more than 5% of the total market volume, you can easily imagine that panic spread quite quickly.
Source: International Herald Tribune.