Chip Anderson

Single Rogue Trader Charged with Causing "Flash Crash" of 2010

Chip Anderson | April 21, 2015 at 11:05 PM

It's amazing to me that one person could cause such behavior in the market. While his behavior appears to be criminal, the system(s) that allowed this behavior are also to blame.

http://www.justice.gov/opa/pr/futures-trader-charged-illegally-manipulating-stock-market-contributing-may-2010-market-flash

- Chip

About the author: Chip Anderson is the founder and president of StockCharts.com. He founded the company after working as a Windows developer and corporate consultant at Microsoft from 1987 to 1997. In this blog, Chip shares his tips and tricks on how to maximize the tools and resources available at StockCharts.com, and provides updates about new features or additions to the site. Learn More

Thanks for sharing!

Posted by: Mike Berm April 21, 2015 at 21:15 PM

And since there are apparently no other causes except this culprit (scapegoat), what's to stop somebody else from pulling the same trick and causing another flash crash?

Posted by: Carl Swenlin April 22, 2015 at 16:35 PM

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