{"id":349428,"date":"2020-05-04T11:22:01","date_gmt":"2020-05-04T05:52:01","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=349428"},"modified":"2020-05-04T12:37:28","modified_gmt":"2020-05-04T07:07:28","slug":"crude-oil-crash-high-frequency-firms-saw-large-profits","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/crude-oil-crash-high-frequency-firms-saw-large-profits\/","title":{"rendered":"Crude oil crash: High frequency firms saw large profits"},"content":{"rendered":"<p>Tech-driven high frequency trading (HFT) firms earned lion\u2019s share of profit from their crude oil bets on the Multi Commodity Exchange (MCX) on April 20, when oil prices turned negative. <\/p>\n<p>More than 11,500 crude oil contracts were outstanding on April 20 when trading closed on MCX. The move by the exchange to set negative price of crude oil for these open positions led to a profit of \u20b9442 crore to those who held short positions, and loss to those who could not square up their longs. On that day, oil prices fell continuously till the close of trading hours. HFT firms are just directional traders, and hence most were on the right side of the trade that day, brokers said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tech-driven high frequency trading (HFT) firms earned lion\u2019s share of profit from their crude oil bets on the Multi Commodity Exchange (MCX) on April 20, when oil prices turned negative. More than 11,500 crude oil contracts were outstanding on April 20 when trading closed on MCX. The move by the exchange to set negative price of crude oil for these open positions led to a profit of \u20b9442 crore to those who held short positions, and loss to those who could not square up their longs. On that day, oil prices fell continuously till the close of trading hours. HFT [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-349428","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/349428","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=349428"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/349428\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=349428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=349428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=349428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}