Incredible Chaos As Flash Crash Rocks Markets And What’s Really Happening With Greece?
KingWorldNews.com
May 06, 2015
With crude oil continuing to surge and the U.S. dollar lower heading lower along with stocks, today a legend in the business sent King World News a powerful flash crash that rocked global markets and what’s really happening with Greece.
From Art Cashin’s notes: Recollections On The Flash Crash – As you’ve probably heard a million times already, today is the Anniversary of the Flash Crash in 2010. The approach of the anniversary and some recent doings in London have prompted some very animated chatter and lots of recollections of the events of that day.
As to the London doings, trading desk chatter seems to focus on two points. First, what about rumors that the trader in question may have shut down his system two minutes before the flash crash began? Secondarily, traders wonder why, if he was making the kind of money the media claims that he couldn’t make bail.
On the crash itself, traders agree that the new range collars can be helpful but that little has been done on order routing incentives.
The Rest…HERE
