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15 Weeks On, Flash Crash Incident Still Baffles, Ominously
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15 Weeks On, Flash Crash Incident Still Baffles, Ominously

  #1 (permalink)
Quick Summary
15 Weeks On, Flash Crash Incident Still Baffles, Ominously

Months later, analysts are still seeking the cause of the quick and mysteriously plunge of the stock markets - by 600 points - and then, more mysteriously, recovering within minutes. As the NYT reports, some suspect a conspiracy.

More on CNBC...

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  #2 (permalink)
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More information here:



Flash Crash Is Pinned on One Trade - WSJ.com

================================================================

See also:


Identified cause
After almost five months of investigations, the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission issued a joint report identifying the cause that set off the sequence of events leading to the Flash crash. The report found that the cause was a single sale of $4.1 billion in futures contracts by a mutual fund, identified as Waddell & Reed Financial, in an aggressive attempt to hedge its investment position.[24] Already eleven days after the flash crash it was reported that Waddell & Reed's huge sale of E-mini contracts might have triggered the crash.[25] The final government report has been criticized for not offering "thorough proposals" on how to avoid similar events in the future.[24]

Flash crash - Wikipedia, the free encyclopedia

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  #3 (permalink)
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Help me out here but it was a plain vanilla VWAP trade, right?

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  #4 (permalink)
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This is the report. See EXECUTIVE SUMMARY on pages 1 through 8 inclusive.

http://www.sec.gov/news/studies/2010/marketevents-report.pdf

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  #5 (permalink)
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I've read it, and unless I missed the point it was a VWAP trade.

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