Wednesday, 2 March 2011
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Cocoa traders demand circuit breakers
Cocoa traders have urged a leading commodities exchange to look at introducing "circuit breakers" in the market after the main US cocoa futures contract plunged 12.5 per cent in under a minute on Tuesday. The collapse on the ICE cocoa contract, which was reversed almost as quickly, drew comparisons with the "flash crash" that hit Wall Street last May, prompting vigorous debate about the role of
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