Pragma calls for flash crash definition

Technology provider Pragma says systematically tracking flash crashes according to a set of criteria could help regulators

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Flash crash: of more than 313,000 candidate events, Pragma’s definition flagged up 69, including the sterling move of October 2016

Systematically tracking the occurrence of flash crashes using specific criteria could help regulators and industry participants to understand how changes in technology, regulation and market practices can affect market quality, according to algorithm technology provider Pragma Securities.

While reports and discussions on foreign exchange flash crashes often look at individual cases in isolation, the firm believes a different approach that takes into account a set of quantitative thresholds coul

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