Malfunctioning algos could cause another flash crash, academic warns
Speaking at the Innovation and Algorithmic Trading seminar in London on February 23, organised by retail FX trading provider LMAX and University College London, Cliff claimed he had prophesied the flash crash would happen and expects it will happen again.
On May 6, 2010, US equity markets experienced a sudden collapse and the Dow Jones Industrial Average dropped by more than 600 points within minutes. A ripple effect seeped into the FX markets, where currency exchange rates fluctuated wildly as
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