A new report authored by high frequency trading critic Eric Hunsader, founder of software firm Nanex, makes a key statement about the flash crash of 2010 that has been whispered in certain market making and algorithmic trading circles: HFT was to blame in the May 6, 2010 flash crash, the conclusions of which differ from official regulatory reports. Waddell & Reed selling during the flash crash This new study considers primarily volume and price data and shows that Waddell & Reed Financial, Inc. (NYSE:WDR) selling during the flash crash much more passive while HFT traders were more active than previously thought. …
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