Citigroup admits causing yesterday’s flash crash

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by Avaronah

Title says it. According to Citi, one of their traders made caused a transaction error which they discovered soon after. It caused Scandinavian indices to plummet as much as 8% in a matter of minutes. Such errors are called fat-finger error; a typo. Flash crashes like these make me wonder how much money banks trade on a daily basis.

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Source: www.theguardian.com/business/2022/may/03/citigroup-trader-error-flash-crash-markets-falls

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