"The Trillion Dollar Glitch - The day the stock market evaporated for 36 minutes" investigates the Flash Crash of May 6, 2010. At 2:32 PM, the Dow Jones plunged 1,000 points in minutes. Blue-chip stocks like Procter & Gamble traded for pennies. Then, just as quickly, prices bounced back.Financial writer Richard P. Evans tracks the culprit not to a major bank, but to a bedroom in London. Navinder Singh Sarao, a solitary trader known as the "Hound of Hounslow," used a "spoofing" algorithm to trick high-frequency trading bots, accidentally triggering a cascade."The Trillion Dollar Glitch"...
"The Trillion Dollar Glitch - The day the stock market evaporated for 36 minutes" investigates the Flash Crash of May 6, 2010. At 2:32 PM, the Dow Jon...