Daily Archives: October 2, 2010 - 1 results

The Securities and Exchange Commission (SEC) released its post mortem on last May’s "flash crash" (pdf). You might recall the market fluctuations of May 6th, when the Dow Jones Industrials Average plummeted about 1,000 points in just 20 minutes. The report is long on what caused the crash, and short on how to prevent another.   Single large order in skittish market triggered huge sell-off Short sale restrictions, circuit breakers, address problem for now Consumer Finance Protection Bureau will have …