Guest viewing is limited
  • Truckingboards is a MEMBERS ONLY Private Forum that first got it's start in 1999, Membership is 100% Free, We have Over 40k Members and approaching 2 million posts that date back to the early 2000's.Registration is easy and fast. We specialize in LTL trucking. Get off those Facebook Groups and come to a place where your identity will be unknown unless you tell someone. Truckingboards has a mobile app you can install from your mobile browser.

    Click Here

    For instructions on how to install the mobile app.

1 large trader led to May 6 stock market plunge

R-14Driver

Well-Known Member
Maybe some of Bill Z's friends ?

WASHINGTON (AP) -- A trading firm's use of a computer sell order triggered the May 6 market plunge, which sent the Dow Jones industrial average careening nearly 1,000 points in less than a half-hour, federal regulators said Friday.

A report by the Securities and Exchange Commission and the Commodity Futures Trading Commission determined that the so-called "flash crash" occurred when the trading firm executed a computerized selling program in an already stressed market.

The firm's trade, worth $4.1 billion, led to a chain of events that ended with market players swiftly pulling their money from the stock market, the report said.

The report does not name the trading firm. But only one trade that day fit the description in the report. The firm Waddell & Reed, based in Overland Park, Kan., has acknowledged making such a trade that day............

1 large trader led to May 6 stock market plunge - Yahoo! Finance
 
Top