Ruble Moves 25% Intraday; Bid/Ask Spread Goes Wild; Ruble a Buy?

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2014 Dec 16, 5:16am 757 views 2 comments

Ruble Moves 25% Intraday; Bid/Ask Spread at Latvia Currency Exchange Goes Wild; Ruble a Buy?
http://globaleconomicanalysis.blogspot.com/2014/12/ruble-moves-25-intraday-bidask-spread.html
Mish

Strategist 2014 Dec 16, 7:24am

"The bid/ask spread for euros to Rubles (RUB) at this particular exchange is an amazing 43%."

Its beyond amazing. How can it be possible.
RIP my dear comrades.

2 humanity 2014 Dec 16, 7:39am

The bid/ask spread for euros to Rubles (RUB) at this particular exchange is an amazing 43%

If that's true, we all need to become market makers in Rubles. It can't be true though, except maybe for a fe w second. And not for any size.

When markets are super thin, people put out weird price prints, just to get attention.

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