Derivatives To Blame For August 24th Crash, Says KCG

KCG knows what caused the Aug 24th crash and spoiler alert, they do not think it was HFT...

The much-discussed August 24 market sell-off, considered by some a flash crash, impacted derivatives much more than cash equities, analysis from Knight Capital Group determines, as stop loss orders exacerbated the situation when S&P 500 futures opened limit down.

Lack of liquidity and sell orders dominating . . .


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