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Flash-Crash Backlash: Citi Fined $79 Million For London Trader's 2022 European Market 'Fat Finger'

Posted on AllSides May 22nd, 2024
From The Right

Flash-Crash Backlash: Citi Fined $79 Million For London Trader's 2022 European Market 'Fat Finger' While much of the world was still snoring in the post-labor day hangover on May 2nd of 2022 - and markets were even more devoid of liquidity than usual - early in the morning Europe's stock market suddenly puked following a flash-crash in Stockholm, which as we reported at the time was sparked by some shitty math by a London-based Citi index trader. Source: Bloomberg The flash-crash was caused by "an inputting error", according to the...

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https://zerohedge.com/markets/flash-crash-backlash-citi-fined-79-million-london-traders-2022-european-market-fat-finger

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