“We hadn’t seen a move like that in quite some time, so the move seemed pretty legit. 10,000 lots traded in a minute, then some moments later we saw another 6,000 lots; that feels like a liquidation.”
— Matthew Cacciotti, head of commodity trading firm MMC Trading, commenting on the $2-plus per barrel drop in the price of crude oil, following rumors that a hedge fund was liquidating its positions.
