What Betterment’s Trading Halt After Brexit Teaches About Robo Advisors

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What Betterment’s Trading Halt After Brexit Teaches About Robo Advisors

Postby kreslik.news » Sun Jul 03, 2016 3:02 pm


A trading interruption had [intentionally] occurred on Friday, June 24th, for New York-based Betterment – a robo-advisory firms with $5b in Assets under Management (AuM), as the firm decided to override its robots in an effort to protect clients the day after the UK’s Brexit vote.

During that Friday’s historic trading day where financial markets woke up to news of the UK’s EU Referendum vote, a global sell-off rippled across Asia and then into Europe before making its way to the U.S. when markets opened and later closed in the red.

Yet, financial markets had operated efficiently, even as circuit ... (read more)

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