Candyce Edelen from AdvancedTrading: On October 5, 2012, a broker trading on India’s National Stock Exchange placed 59 erroneous orders, triggering a flash crash that wiped nearly 60 billion dollars from the value of some of that country’s largest public companies. It happened just 2 short months after another trading glitch cost Knight Capital to lose $440 million in just 45 minutes. These are just two in a series of trading incidents that have damaged the markets over the past two years.
Top High Frequency Trading Event
- Michael Lewis is wrong, says Knightmare on Wall Street’s Edgar Perez: Markets are not any more ‘RIGGED’ than before
- High Frequency Trading: Clear and Present Danger?
- Brokerage offers platform for high frequency traders
- RBC: offers explanation for apparent decline in high-frequency trading
- High-frequency trading activity in Canada appears to have declined: IIROC