GameStop frenzy leaves behind a mess for Wall Street regulators
Posted on AllSides February 3rd, 2021
From The Left
ANALYSIS
Long before an army of small investors buying shares of GameStop shocked Wall Street, regulators saw the need for a clearer, real-time view of the trillions of dollars that sloshed through the markets each day.
In May 2010, a trader in London using an algorithm to manipulate a futures market helped trigger a chain reaction that wiped 9 percent off the Dow Jones industrial average in minutes. The market quickly recovered. But that “flash crash” underscored regulators’ urgent need for a tool that would allow them to pinpoint who was...
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