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The May 6, 2010, flash crash, [1] [2] [3] also known as the crash of 2:45 or simply the flash crash, was a United States trillion-dollar [4] flash crash (a type of stock market crash) which started at 2:32 p.m. EDT and lasted for approximately 36 minutes.
Flash crashes are frequently blamed by media on trades executed by black-box trading, combined with high-frequency trading, whose speed and interconnectedness can result in the loss and recovery of billions of dollars in a matter of minutes and seconds, but in reality occur because almost all participants have pulled their liquidity and ...
Remember the flash crash? That was the 20 minutes on May 6, 2010 when the Dow lost almost 1,000 points before partially recovering. Most investors have forgotten about it.
In 2010, when the Dow Jones Industrial Average suddenly dropped 600 points and then just as quickly recovered -- the so-called "flash crash"-- high-frequency trading, or HFT, became the new ...
It's now nearly four months since the May 6 flash crash, when the Dow lost nearly 1,000 points in 20 minutes before rebounding somewhat, but the Securities and Exchange Commission still doesn't ...
However, after almost five months of investigations, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) issued a joint report identifying the cause that set off the sequence of events leading to the Flash Crash [79] and concluding that the actions of high-frequency trading firms contributed to ...
Among the charges included was the use of spoofing algorithms, in which first, just prior to the Flash Crash, he placed thousands of E-mini S&P 500 stock index futures contract orders. [20] These orders, amounting to about "$200 million worth of bets that the market would fall" were "replaced or modified 19,000 times" before they were cancelled ...
Liam Vaughan joined Yahoo Finance's Jen Rogers, Myles Udland, Rick Newman, and Akiko Fujita to discuss his new book 'Flash Crash: A Trading Savant, a Global Manhunt, and the Most Mysterious Market ...