Flash Crashes and Market Design
Posted by ludw1086 on Nov 18, 2013 in Blog | Comments Off on Flash Crashes and Market Design In my book, The Crisis of Crowding, I spoke about the crowding of market makers in the Flash Crash and the sudden disappearance of market liquidity. This led to people buying Apple stock (Ticker: AAPL) for $100,000 per share and selling Accenture (Ticker: ACN) for 1 cent. Many other trades occurred at ridiculous prices. Since the writing of the book, there have been several other...read more




