CF Forecast 7/26/16


CF Industries (NYSE:CF) stopped out as price reached less than $0.10 below the lows of the green zone. This looked like a targeted liquidity event based on about 100,000 shares set as a stop loss at that level which created a liquidity inversion. We are careful to measure and balance the liquidity that our clients bring to the markets, and so would assume that this stop out was the result of passing our trades on to a larger institutional player. As a reaction to this, we will be restricting new trades using a password until they resolve.