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Keyword: algotraading

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  • Feds trace flash crash to Chicago

    05/07/2010 6:02:41 PM PDT · by Nachum · 81 replies · 2,504+ views
    politico ^ | 5/7/10 | EAMON JAVERS
    Federal investigators probing the “flash crash” that briefly sliced nearly 1,000 points off the Dow Thursday are zeroing in on a series of “unusually high-volume” trades in S&P futures that originated in Chicago, a government official told POLITICO. Those trades set off a chain reaction of trades that caused the biggest drop within a single day in the Dow Jones Industrial Average’s storied history.