British Pound Fills Mini-Flash Crash Gap, Brokers Mark Best Day of 2017

[kreslik.news]

It has been about about seven years since we first encountered the term ‘flash crash’. In an event allegedly triggered by S&P 500 futures trader Navinder Sarao, the Dow Jones industrial average collapsed by 1000 points, only to fully recover shortly after. The event wrecked havoc across multiple asset classes and was to date the biggest flash crash we have ever seen.

In a market which is dominated by algorithmic trading, the outsized risks associated with such events can cause traders to lose substantial resources while chasing limited gains. Brexit appears to have triggered a sudden inflow of read more)