Flash Crash Started With A Single Trade

someobody sold 70,000 contracts,,who are the the morons who bougth the 70,000 contracts? these HFT pull their bids. 70,000 is more likely wash trades. phantom imaginary trades..



Quote from dakoo:

During the OCT 1st emini trading sessions there were i recall 3 instances where 70000 or more contracts traded within 15 minutes.. how come there weren't 3 flash crashes on October the 1st? The SEC report is a load of bull. My concern is they start going "regulating" the maximum number of contracts that can be traded within an hour.
 
Quote from businessstaxes:

an unheard of financial company...

You don't even know how to use Google

http://www.waddell.com/

"Founded in 1937, Waddell & Reed is among the most enduring asset management and financial planning firms in the nation, providing proven investment and planning services to individuals and institutional investors."
 
So I was correct that the FLASH CRASH did start with a Fat Figure Trade:

Except the trader entering the large order believes the market could handle that entire contract but it did not.
 
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