The May 6, 2010, Flash Crash also known as The Crash of 2:45, the 2010 Flash Crash or simply the Flash Crash, was a United States trillion-dollar stock market crash, which started at 2:32 p.m. EDT and lasted for approximately 36 minutes. Stock indexes, such as the S&P 500, Dow Jones Industrial Average and Nasdaq Composite, collapsed and rebounded very rapidly. The Dow Jones Industrial Average had its biggest intraday point drop (from the opening) up to that point, plunging 998.5 points (about 9%), most within minutes, only to recover a large part of the loss. It was also the second-largest intraday point swing (difference between intraday high and intraday low) up to that point, at 1,010.14 points. The prices of stocks, stock index futures, options and exchange-traded fund (ETFs) were vola

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  • Als Flash Crash oder im Deutschen auch Flashcrash wurden mehrere starke Kurseinbrüche (engl. Crash) an den Finanzmärkten bezeichnet, die nur Minuten andauerten. Auf den plötzlichen Einbruch folgte jeweils eine ähnlich schnelle Erholung. (de)
  • El Flash Crash del 6 de mayo de 2010, también conocido como el Crash de 2:45, el Flash Crash de 2010 o simplemente el Flash Crash, fue una quiebra financiera estadounidense que tuvo lugar el 6 de mayo de 2010 en el que el índice Dow Jones Industrial Average se desplomó cerca de 1000 puntos, aproximadamente un 9 %, para recuperar esa pérdida escasos minutos. Fue la segunda mayor caída en puntos, 1010.14 puntos, y el mayor desplome diario, 998.5 puntos, en una base intradía en la historia del Promedio Industrial Dow Jones. (es)
  • Le Flash Crash de 2010, parfois nommé tout simplement Flash Crash, fait référence au krach boursier arrivé le 6 mai 2010 aux États-Unis. Le terme « flash crash » ou « krach éclair » fait référence, depuis cet évènement de 2010, à un effondrement boursier qui dure quelques minutes ou quelques secondes. Le Flash Crash de 2010 n'a duré qu'environ 36 minutes. Ce jour-là, l'indice Dow Jones Industrial Average a perdu 998,52 points avant de regagner environ 600 points, entre 14 h 42 et 14 h 52 au New York Stock Exchange[réf. insuffisante]. Une baisse de 9,2 % en l'espace de 10 minutes était sans précédent dans l'histoire. Cet incident a mis au jour l'implication du high frequency trading qui représente désormais les deux tiers[réf. insuffisante] des transactions boursières sur le NYSE. Le 6 mai 2010, en début d'après-midi, le Dow Jones a commencé à décliner pendant que la crise de la dette publique grecque s'intensifiait et alors que la plupart des grands indices financiers aussi bien sur le marché des futures que sur les marchés des actions avait déjà subi une baisse d'environ 4 %. À 14 h 27, la baisse s'accentua. À 14 h 45, elle devint vertigineuse avec des ticks (en) à trois chiffres. En trois minutes, le Dow Jones perdit 433 points. Mais à 14 h 57, le Dow Jones avait repris 619,42 points. Les prix de nombreuses actions avaient connu une importante baisse, suivie d'une remontée en quelques minutes. Soudainement, une nouvelle baisse de 5,6 % intervint avant de s'annuler tout aussi rapidement. Environ 8 000 titres de sociétés et ETF échangés alors ont enregistré des mouvements de cours similaires, perdant de 5 % à 15 % avant de les regagner en totalité ou presque. Des actions ont subi des mouvements de prix encore plus sévères. Environ 20 000 échanges boursiers concernant 300 sociétés ont été exécutés à des prix supérieurs ou inférieurs à 60 % de leurs valeurs quelques instants auparavant. À la fin de la journée, la plupart des indices actions avaient perdu 3 % par rapport au cours de clôture de la veille. Le Dow Jones, qui avait ouvert la séance à 10 862,22 points, a atteint un plus bas de 9 787,17 points avant de clôturer à 10 520,32 points. (fr)
  • Il crollo del 6 maggio 2010 (detto anche Flash Crash) è stato un improvviso crollo dell'indice Dow Jones, della borsa valori di New York, avvenuto tra le 14:42 e le 15:07 ora locale. (it)
  • The May 6, 2010, Flash Crash also known as The Crash of 2:45, the 2010 Flash Crash or simply the Flash Crash, was a United States trillion-dollar stock market crash, which started at 2:32 p.m. EDT and lasted for approximately 36 minutes. Stock indexes, such as the S&P 500, Dow Jones Industrial Average and Nasdaq Composite, collapsed and rebounded very rapidly. The Dow Jones Industrial Average had its biggest intraday point drop (from the opening) up to that point, plunging 998.5 points (about 9%), most within minutes, only to recover a large part of the loss. It was also the second-largest intraday point swing (difference between intraday high and intraday low) up to that point, at 1,010.14 points. The prices of stocks, stock index futures, options and exchange-traded fund (ETFs) were volatile, thus trading volume spiked. A CFTC 2014 report described it as one of the most turbulent periods in the history of financial markets. According to a December 6, 2015 article in the Wall Street Journal, new regulations put in place following the 2010 Flash Crash — when "bids on dozens of ETFs (and other stocks) fell as low as a penny a share — proved to be inadequate to protect investors in the August 24, 2015 flash crash, "when the price of many ETFs appeared to come unhinged from their underlying value." — ETFs were put under greater scrutiny by regulators and investors. Analysts at Morningstar claim that, "ETFs are a 'digital-age technology' governed by "Depression-era legislation."— Morningstar December 6, 2015 On April 21, 2015, nearly five years after the incident, the U.S. Department of Justice laid "22 criminal counts, including fraud and market manipulation" against , a trader. Among the charges included was the use of spoofing algorithms; just prior to the Flash Crash, he placed thousands of E-mini S&P 500 stock index futures contracts which he planned on canceling later. These orders amounting to about "$200 million worth of bets that the market would fall" were "replaced or modified 19,000 times" before they were canceled. Spoofing, layering, and front running are now banned. The Commodity Futures Trading Commission (CFTC) investigation concluded that Sarao "was at least significantly responsible for the order imbalances" in the derivatives market which affected stock markets and exacerbated the flash crash. Sarao began his alleged market manipulation in 2009 with commercially available trading software whose code he modified "so he could rapidly place and cancel orders automatically." Traders Magazine journalist, John Bates, argued that blaming a 36-year-old small-time trader who worked from his parents' modest stucco house in suburban west London for sparking a trillion-dollar stock market crash is a little bit like blaming lightning for starting a fire" and that the investigation was lengthened because regulators used "bicycles to try and catch Ferraris." Furthermore, he concluded that by April 2015, traders can still manipulate and impact markets in spite of regulators and banks' new, improved monitoring of automated trade systems. As recently as May 2014, a CFTC report concluded that high-frequency traders "did not cause the Flash Crash, but contributed to it by demanding immediacy ahead of other market participants." Some recent research argues that Flash Crashes are not isolated occurrences, but have occurred quite often over the past century. For instance, Irene Aldridge, the author of High-Frequency Trading: A Practical Guide to Algorithmic Strategies and Trading Systems, 2nd ed., Wiley & Sons, shows that Flash Crashes have been frequent and their causes predictable in market microstructure analysis. (en)
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  • Als Flash Crash oder im Deutschen auch Flashcrash wurden mehrere starke Kurseinbrüche (engl. Crash) an den Finanzmärkten bezeichnet, die nur Minuten andauerten. Auf den plötzlichen Einbruch folgte jeweils eine ähnlich schnelle Erholung. (de)
  • El Flash Crash del 6 de mayo de 2010, también conocido como el Crash de 2:45, el Flash Crash de 2010 o simplemente el Flash Crash, fue una quiebra financiera estadounidense que tuvo lugar el 6 de mayo de 2010 en el que el índice Dow Jones Industrial Average se desplomó cerca de 1000 puntos, aproximadamente un 9 %, para recuperar esa pérdida escasos minutos. Fue la segunda mayor caída en puntos, 1010.14 puntos, y el mayor desplome diario, 998.5 puntos, en una base intradía en la historia del Promedio Industrial Dow Jones. (es)
  • Il crollo del 6 maggio 2010 (detto anche Flash Crash) è stato un improvviso crollo dell'indice Dow Jones, della borsa valori di New York, avvenuto tra le 14:42 e le 15:07 ora locale. (it)
  • Le Flash Crash de 2010, parfois nommé tout simplement Flash Crash, fait référence au krach boursier arrivé le 6 mai 2010 aux États-Unis. Le terme « flash crash » ou « krach éclair » fait référence, depuis cet évènement de 2010, à un effondrement boursier qui dure quelques minutes ou quelques secondes. Le Flash Crash de 2010 n'a duré qu'environ 36 minutes. (fr)
  • The May 6, 2010, Flash Crash also known as The Crash of 2:45, the 2010 Flash Crash or simply the Flash Crash, was a United States trillion-dollar stock market crash, which started at 2:32 p.m. EDT and lasted for approximately 36 minutes. Stock indexes, such as the S&P 500, Dow Jones Industrial Average and Nasdaq Composite, collapsed and rebounded very rapidly. The Dow Jones Industrial Average had its biggest intraday point drop (from the opening) up to that point, plunging 998.5 points (about 9%), most within minutes, only to recover a large part of the loss. It was also the second-largest intraday point swing (difference between intraday high and intraday low) up to that point, at 1,010.14 points. The prices of stocks, stock index futures, options and exchange-traded fund (ETFs) were vola (en)
rdfs:label
  • Flash Crash (de)
  • Flash Crash de 2010 (es)
  • Flash Crash de 2010 (fr)
  • Flash Crash (it)
  • 2010 Flash Crash (en)
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