How the Dow Jones Index Slipped 145 Points In 3 Minutes Flat On April 23rd.
How could a single fake tweet drive down the markets so quickly?
Wondering what’s going on?
Illustrators Terrence Horan and reporter Ben Pimentel have put together this handy infographic detailing how algorithmic trading has shifted and changed over time, leading up to Tuesday’s events
It’s been billed as a “Terminator moment“, when the markets reminded us about Skynet’s grip on trading. The Dow dropped 145 points in a matter of minutes, only to recover and end up for the day.
But the moment was yet another alarming display of how high-speed trading can instantly alter the markets.
— Brian Aguilar (@brianaguilar)
Source : MarketWatch.