EPISODE · Aug 28, 2010 · 48 MIN
The flash crash
from Background Briefing · host Australian Broadcasting Corporation
A few months ago the US share market plunged l000 points in a few minutes, and trillions were traded both up and down. What caused it, and can it happen again. Tiny high frequency computer algorithms - or algos - roam the markets, buying and selling in a parallel universe more or less uncontrolled by anyone. Did they go feral, or was it the fat finger of a coked out trader? In September US regulators bring out their findings. Reporter Stan Correy. Photo: Timothy A Clary, AFP.
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This episode was published on August 28, 2010.
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