Flash Crash

A trading business firm's use of a information processing system sell order triggered the May 6 market plunge, which directed the Dow Jones industrial average dropping nearly 1,000 points in less than a half hour.

A account gone forth Fri by the SEC and the Commodity Futures Trading Commission made up one's mind the supposed "flash crash" was caused when the trading business firm executed a computerized merchandising program in an already accented marketplace.
The report does not name the trading business firm.

That set off two waves of "liquid drains," when market musicians swiftly pull their money from the securities market.

The free fall highlighted the growing complexity and diverseness of the fast-evolving securities marketplaces.

Sleek electronic trading platforms now vie with the traditional exchanges, with stocks now traded on some 50 exchanges beyond the New York Stock Exchange and the Nasdaq Securities Market.