Friday, August 3, 2012

AMAZING: Listen to the May 6, 2010 Flash Crash

In light of the Knight Capital algo gone wild that cost Knigh $440 million, below is a walk down memory lane and the audio of an S&P 500 trader quoting the action that was taking place in the futures pit in Chicago at the CME on May 6, 2010. The market lost nearly $1 trillion within minutes and then recovered most of the losses. The DJIA and S&P 500 futures fell 10% intra-day.

(Via Daily Bail)

1 comment:

  1. Wow, that was exciting!

    I was out in the Bahamian boondocks at the time and missed the whole thing.

    Thanks for the "Flash" back har har.