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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.
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.
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 ...
The "flash crash" of May 6 was a day of reckoning of sorts for investors in exchange-traded funds. "ETFs are relatively new, and not as simple and straightforward as we have been lulled to believe ...
The Kennedy Slide of 1962, also known as the Flash Crash of 1962, is the term given to the stock market decline from December 1961 to June 1962 during the Presidential term of John F. Kennedy. After the market experienced decades of growth since the Wall Street crash of 1929 , the stock market peaked during the end of 1961 and plummeted during ...
However, according to Arnuk, those won't prevent the next flash crash unless the SEC coordinates the different exchanges to make sure that they all use the same circuit-breaking procedures ...
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 ...
Internet and social media stocks lead a broad selloff on Wall Street Tuesday. Coincidentally, it's also the anniversary of one of the scariest days in market history. On May 6, 2010, the Dow ...