{"id":1677,"date":"2008-01-30T20:54:59","date_gmt":"2008-01-30T18:54:59","guid":{"rendered":"http:\/\/www.roumazeilles.net\/news\/en\/wordpress\/2008\/01\/30\/3-days-of-societe-generale\/"},"modified":"2008-01-30T20:57:47","modified_gmt":"2008-01-30T18:57:47","slug":"3-days-of-societe-generale","status":"publish","type":"post","link":"https:\/\/www.roumazeilles.net\/news\/en\/wordpress\/2008\/01\/30\/3-days-of-societe-generale\/","title":{"rendered":"3 days of Soci\u00e9t\u00e9 G\u00e9n\u00e9rale"},"content":{"rendered":"<p><img src='https:\/\/www.roumazeilles.net\/news\/en\/wordpress\/wp-content\/uploads\/2008\/01\/indexes.gif' alt='Indexes' align=\"left\">As a complement of my previous post about the Stock markets Krach and Soci\u00e9t\u00e9 G\u00e9n\u00e9rale (&#8220;<a href=\"https:\/\/www.roumazeilles.net\/news\/en\/wordpress\/2008\/01\/27\/societe-generale-nearly-crashed-the-world-stock-exchange\/\">Soci\u00e9t\u00e9 G\u00e9n\u00e9rale nearly crashed the world Stock Exchange<\/a>&#8220;), 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.<\/p>\n<p><center><\/p>\n<table class=\"std_box\">\n<tr>\n<td><\/td>\n<td><strong>Contracts sold by<br \/>Soci\u00e9t\u00e9 G\u00e9n\u00e9rale<\/strong><\/td>\n<td><strong>Total volume of<br \/>EuroStoxx 50, DAX,<br \/>FTSE 100 futures<\/strong><\/td>\n<td><strong>Ratio to<br \/>total volume<\/strong><\/td>\n<\/tr>\n<tr>\n<td>21 Jan<\/td>\n<td>317,600<\/td>\n<td>4,135,100<\/td>\n<td>7.6%<\/td>\n<\/tr>\n<tr>\n<td>22 Jan<\/td>\n<td>337,000<\/td>\n<td>5,227,000<\/td>\n<td>6.4%<\/td>\n<\/tr>\n<tr>\n<td>23 Jan<\/td>\n<td>237,100<\/td>\n<td>4,271,600<\/td>\n<td>5.5%<\/td>\n<\/tr>\n<\/table>\n<p><\/center><\/p>\n<p>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.<\/p>\n<p>Source: International Herald Tribune.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As a complement of my previous post about the Stock markets Krach and Soci\u00e9t\u00e9 G\u00e9n\u00e9rale (&#8220;Soci\u00e9t\u00e9 G\u00e9n\u00e9rale nearly crashed the world Stock Exchange&#8220;), 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13366,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43,14,1],"tags":[366,367,368,369,341,340,342],"class_list":["post-1677","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-enterprise","category-social-issues","category-uncategorized","tag-dax","tag-euro-stoxx-50","tag-ftse","tag-jerome-kerviel","tag-krach","tag-societe-generale","tag-stock-exchange"],"_links":{"self":[{"href":"https:\/\/www.roumazeilles.net\/news\/en\/wordpress\/wp-json\/wp\/v2\/posts\/1677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.roumazeilles.net\/news\/en\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.roumazeilles.net\/news\/en\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.roumazeilles.net\/news\/en\/wordpress\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.roumazeilles.net\/news\/en\/wordpress\/wp-json\/wp\/v2\/comments?post=1677"}],"version-history":[{"count":0,"href":"https:\/\/www.roumazeilles.net\/news\/en\/wordpress\/wp-json\/wp\/v2\/posts\/1677\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.roumazeilles.net\/news\/en\/wordpress\/wp-json\/wp\/v2\/media\/13366"}],"wp:attachment":[{"href":"https:\/\/www.roumazeilles.net\/news\/en\/wordpress\/wp-json\/wp\/v2\/media?parent=1677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.roumazeilles.net\/news\/en\/wordpress\/wp-json\/wp\/v2\/categories?post=1677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.roumazeilles.net\/news\/en\/wordpress\/wp-json\/wp\/v2\/tags?post=1677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}