BIS finds sterling crash was due to 'confluence of factors'

Last October's crash down to illiquid conditions, less experienced traders and loss of public data

impact-meteor-crashing
BIS said there was little, if any, hard data to substantiate market abuse claims

The sterling flash crash on October 7 last year was due to a confluence of factors that led to an exaggeration of the move lower in the currency, including less experienced traders deployed outs