TITLE

What caused the flash crash?

AUTHOR(S)
Dingle, Simon
PUB. DATE
May 2010
SOURCE
Finweek;5/20/2010, p15
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article examines the recovery of the U.S. Dow Jones index after losing almost 1,000 points or almost a trillion dollars worth of equity on May 6, 2010. It claims that speculations have emerged for the unusual happening in the Dow Jones index such as the involvement of the testing of a flash-trading computer system by Goldman Sachs & Co. and a typo causes the crash. It mentions the investigation of the usual happening by the U.S. Securities and Exchange Commission (SEC).
ACCESSION #
51909186

 

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