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British pound suffers ‘flash crash’

The pound lost six per cent of its value in a matter of minutes Friday morning The post British pound suffers ‘flash crash’ appeared first on
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A Look Inside The Pound Flash Crash: What Really Happened In Those 30 Seconds

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At just after 7 minutes after hour, whether 7pm on the east coast, midnight GMT or early Friday morning in Asian trading, pound sterling plunged by more than 6%, in the span of 2 minutes although the bulk of the plunge took place in...

Michael Douglas: I Lost 35-To-40 Percent Of My Net Worth In The Flash Crash

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Gordon Gekko -- urr Michael Douglas -- is claiming that he lost a ridiculous amount of money during the flash crash (via @eddyelfenbein). "I lost 35 to 40 per cent of my net worth," he tells Monsters & Critics. "I got whacked big-ti...

June 26 Silver Flash Crash: A Forensic Analysis

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'Rogue' Algorithm Blamed for Historic Crash of the British Pound

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The British pound suffered a “flash crash” earlier this morning in which it plummeted six percent against the US dollar within a matter of minutes. All signs point to high frequency stock trading as the culprit—and possibly a single...

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Five years ago, on the afternoon of May 6, 2010, the Dow and the S. & P. fell more than six per cent in a matter of minutes, losing a trillion dollars in value. The “flash crash,” as it came to be known, terrified investors: it was ...


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