Flash Crash One Year Later: Shock and Awe
The financial markets recently passed the first anniversary of the Flash Crash, which sent shock waves across the globe when, on May 6, 2010, the Dow Jones Industrial Average plunged almost 1,000 points only to recover most of its losses within minutes, by 3:07 p.m. It was the second-largest point swing and the biggest one-day point decline on an intraday basis in that market’s history. For a few minutes, $1 trillion was wiped off the value of the market.
Nick Nielsen, head of trading at
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