Lloyd Blankfein must be rubbing his hands with glee now the VIX is approaching 2015 flash crash
Memories of the quant quake of 2007 and the flash crash
of 2015 may have faded, but the risks that caused both market disruptions still lurk under the surface.
20 for the first time since October's flash crash
, after reports said UK Prime Minister Theresa May will signal plans to quit the European Union's single market to regain control of Britain's borders and laws,' said Luis Gerardo Limlingan, managing director at Regina Capital Development.
The flash crash
in the pound and fears of a 'hard' Brexit have taken their toll … and 2017 looks set to be a challenging year for UK households," said Scott Corfe, a director of economics consultancy Cebr, which provides analysis for YouGov.
The vote to leave the EU in June generated uncertainty on the markets, culminating in the flash crash
yesterday which saw the pound fall six per cent in just two minutes.
Despite sterling's recovery from the Friday morning flash crash
, the pound is down around 4% against the dollar since last Friday, September 30.
We are roughly one year removed from the flash crash
The Flash Crash
occurred within a window of less than thirty minutes during which the Dow Jones Industrial Average (DJIA)--a benchmark of general market performance--dropped about 1,000 points, losing 9 percent of its value, and then recovered almost its entire loss.
A UK trader accused of manipulating markets and contributing to the flash crash
of 6 May 2010 in the US, has been released on bail, after successfully arguing that he could not access bail of GBP5.
Prosecutors contend that on the day of the flash crash
, May 6, Sarao placed large orders repeatedly over several hours, leaving the market vulnerable to big moves when another big trade came in from an investor in the United States.
7) The Flash Crash
began when a HFT hedge fund, (8) using an incorrectly inputted algorithm, executed a multi-billion dollar trade in mere minutes that would normally take hours.
is on a bit of a roll and can bring up his hat trick in the 32Red Handicap at Wolverhampton.