Flash Crash

Flash Crash

Refers to the 700 point drop in the Dow Jones Industrial Average that happened in just a few minutes on May 7, 2010.
References in periodicals archive ?
Sterling was 0.9 per cent lower against the US dollar at 1.196, which marked its lowest level since the "flash crash" in October 2016.
Mounting concern among international investors about Brexit has pushed the pound to its lowest level since a "flash crash" it endured in October 2016, when uncertainty after the Brexit vote was particularly high.
Sterling was 0.9% lower against the US dollar at 1.196, which marked its lowest level since the "flash crash" in October 2016.
The yen surged early in Asian trading to 104.46 per dollar, the highest since a flash crash this January, but then pared gains to be only a tad higher at 105.26.
The next support levels come at 105.00, then the January 3 "flash crash" low of 104.65.
Below the round number of 1.2000, support awaits at 1.1985 and 1.1866, which have both been flash crash lows around the end of 2016 and in early 2017.
This morning it broke down through US$0.68, a level not breached since March 2009 (ignoring the infamous January 2019 flash crash).
Internationally exposed stocks such as Diageo, Unilever and British American Tobacco were among the biggest boosts to the main index as mounting political worries sent sterling below $1.26 for the first time since a 3 January flash crash.
Securities and Exchange Commission mandated such a system after the 2010 flash crash caused nearly $1 trillion of value to disappear from the stock market within minutes, leaving regulators scrambling to track down data to figure out what happened.
Sterling edged 0.5% higher to over $1.28, having tumbled on Thursday after a raft of key ministerial resignations sparked the steepest sell-off since the October flash crash in 2016.
In 2010, they caused the trillion-dollar Flash Crash, when machines allegedly run by a trader in his bedroom caused unprecedented volatility in futures markets.
The biggest decline in percentage terms was on May 6, 2010, when the "flash crash" resulted in more than a 9 percent fall.