US - The catalyst for the "flash crash" on 6 May was a single trade by an institutional investor who sold $4.1bn of index futures, according to a new report released by US regulators.
The report, issued by the Securities and Exchange Commission in conjunction with the Commodities Futures Trading Commission, says the trade was initiated by "a large fundamental trader," who used a...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
