The STA Blog - Tag: Flash crash

‘Flash Crash’ in review: Were they looking for just anyone to blame?

Almost exactly 10 years ago – 6 May 2010 at 14:32 US Eastern Time – the Dow Jones Industrial Average suffered its second worst ever intra-day loss of 998 points – in just 5 minutes; it then took half an hour to get back to where the shambles started. Five years on, in April 2015 at the age of 36, Navinder Singh Sarao was indicted on 22 charges of financial misdemeanours. The authorities realised that market integrity was at stake and so, the Commodity Futures Trading Commission, Securities Exchange Commission, the FBI and the UK Met’s boys in blue swung into action.

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Posted in Finance, Markets, STA news, Technical Analysis, Technical Analysis Training, Trading, Trending
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