Flash Crash 2.0 – Traders expect another repeat
Traders expect another repeat of a flash crash. Joe Saluzzi of Themis Trading has been on the ball with this and has been warning for many years (check out his excellent 60 Minutes piece). Goldman Sachs et al., momentum traders and the algos will inevitably further induce and compound volatility. They are all sheltered behind the facade of liquidity provision.
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