Mr. Matt Moran:

Absolutely. So then just to go back to your point because I think it is important to give the context, the counterparty held the risk if the ultimate investor didn't pay them. So the counterparty at any stage could say "I'm selling." Market players who wanted to bet on the share price going down could influence that in any way or if the share price did go down, it might have created a trigger for that CFD holder to automatically sell. If you sell, you push the share price down again and it feeds off itself.