Flash Crash

'Flash Crash' Erases $58 Billion In 15 Minutes

CBC | Posted 10.05.2012 | Canada Business

India’s stock market regulator launched an investigation Friday into a sudden plunge in shares that briefly erased $58 billion US in value on the S&...

Kill Robo-Trading in the Stock Market Before it Kills Us

Diane Francis | Posted 10.15.2012 | Canada Business
Diane Francis

A recent glimpse into a frightening future occurred on August 1 when a computer glitch at Knight Capital Group Inc., that handled 11 per cent of all U.S. stock trading, was obliterated by an unproven algorithm. In less than an hour, the firm's new "program" bid for 150 stocks incorrectly. Immediately, rival computers traded against the bids and, by the end of the day, Knight had lost $440 million and had to be rescued. Clearly, the regulators must smarten up and impose Draconian measures to end this hyper trading-for-trading's-sake abuse of markets and investors.

Is Software Code To Blame For Stock Markets' Wild Ride?

The Huffington Post Canada | Daniel Tencer | Posted 10.11.2011 | Canada Business

The world’s stock markets have seen near-record levels of volatility this week and last, and there is no shortage of reasons to explain why: From th...