Skip to main content Accessibility help

We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Close this message to accept cookies or find out how to manage your cookie settings.

Close cookie message
×
  1. Home
  2. Search

Refine search

Refine search

Access:
Content type:
Publication date:
Apply   From and To filters
Subject: Show more
Journals Show more
Publishers: Show more
Societies Show more
Series: Show more
Collections: Show more

Actions for selected content:

Select all | Deselect all
  • View selected items
  • Export citations
  • Download PDF (zip)
  • Save to Kindle
  • Save to Dropbox
  • Save to Google Drive

Save Search

You can save your searches here and later view and run them again in "My saved searches".

Please provide a title, maximum of 40 characters.
Cancel
×

1 results

  • 17 - Flash Events

  • Gregory Scopino, Georgetown University, Washington DC
  • Book:
    Algo Bots and the Law
    Published online:
    02 October 2020
    Print publication:
    15 October 2020, pp 411-447

  • Summary

    One of the potential disadvantages of recent innovations in trading technology is that the markets now move with lightning speed in both good times and bad. With trading in futures and securities regularly counted in milliseconds (i.e., one thousandth of a second) and even microseconds (i.e., one millionth of a second), market crashes and rallies now also can occur – and, indeed, have occurred – at breakneck speeds that make human reaction times seem tortoise-like. The same algorithmic trading technologies that have enabled the markets for futures, securities, and options to incorporate information into the prices of financial instruments more quickly than ever before also have resulted in occasional high-speed crashes and rallies whose causes have, at times, confounded market participants and experts.