garfaagel@sh.itjust.works to Today I Learned (TIL)@lemmy.ca · edit-211 months agoTIL that in 2010 the stock market experienced a flash crash, caused by automatic trading. Over a trillion dollars were lost and mostly regained, all in 36 minutes. Exact causes remain disputed.en.wikipedia.orgexternal-linkmessage-square30fedilinkarrow-up1337arrow-down15
arrow-up1332arrow-down1external-linkTIL that in 2010 the stock market experienced a flash crash, caused by automatic trading. Over a trillion dollars were lost and mostly regained, all in 36 minutes. Exact causes remain disputed.en.wikipedia.orggarfaagel@sh.itjust.works to Today I Learned (TIL)@lemmy.ca · edit-211 months agomessage-square30fedilink
minus-squarelivus@kbin.sociallinkfedilinkarrow-up1·edit-211 months agoOP’s article is quite good. It’s more likely that there were several factors in play, including Wadell & Reed. But if the market practices weren’t so flawed with HFTs, none of that would have caused what happened.
minus-squareBernie Ecclestoned@sh.itjust.workslinkfedilinkarrow-up1·11 months agoYeah, as it says it’s like blaming lightning for starting a forest far. The current dark pool stuff is probably ten times worse.
OP’s article is quite good.
It’s more likely that there were several factors in play, including Wadell & Reed.
But if the market practices weren’t so flawed with HFTs, none of that would have caused what happened.
Yeah, as it says it’s like blaming lightning for starting a forest far.
The current dark pool stuff is probably ten times worse.