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When traders become spam-crazy

Here is an article from the circle of finance that summarizes the events that happened on that crazy day on Wall Street. Robots traders representing 70% of daily stock exchange (which we had already mentioned in a previous article) are literally deranged and depressed Wall Street jusqu'à10% in minutes.

(CercleFinance.com) - A crash scenario unprecedented U.S. indices have plunged from -6 to -7% in 5 minutes, from -3% to -9 or -10%.
The Dow Jones collapsed by-1.000Pts to 9.875Pts, the Nasdaq lost-220Pts to 2188 and the 'S & P-500'-100pts to 1.066Pts with Cisco to -12% to -14 General Electric, 5%, Bank of America to -11%, -12% to Boeing, Intel and Broadcom to -11% ... and Apple to -20%.
The record low came back to Automatic Data Processing with -30% (and the Nasdaq-100 showed exactly -10% 20:45).

Half of the losses were erased in minutes but there are still differences greater than -4% on average.
Meanwhile, oil plummeted from -6% to $ 75 a barrel while the euro was on a foray to $ 1.25.

The 'fuse' did not work, order books, totally depleted when the index exceeds 3% deviations - were completely gutted and computer programs were packaged, re-editing, but in just seconds the scenario of 19 October 1987.
is terrifying for investors to see the end 10% of their savings in minutes and up to 20% on blue chips that portfolio managers still tore past 48 hours.

Wall Street can no longer do without a complete restructuring of the architecture, the technical supervision of the 'Trading Program' and the 'flash trading', but this Thursday, something serious failures and it will make headlines in the press on Friday, even if the transactions seem to go back to 'normal' at a moment of closure.


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