SEC has been corrupt since it’s inception with Joseph P Kennedy Sr

Bob Chapman talks to Melody Cedarstrom about high frequency trading and Algorithmic Trading and the US Securities and Exchange Commission corruption and Joe Kennedy recorded on January 22nd 2010.

US Federal Reserve Dealing in Magic and Secrets

The elite are planing a World War that will cost us about 5 trillion says Bob Chapman April 10, 2010

The SEC suing Goldman Sachs is just a smokescreen : Bob Chapman April 20, 2010

Bob Chapman The Government will steal your Retirement

Bob Chapman talks to Melody Cedarstrom about the new dollar and the coming devaluation December 28th 2009

Bob Chapman Interview with SGT Report: SEC Criminality

bob chapman - sec-has-been-corrupt-since-its-inception-with-joseph-p-kennedy-sr

High-frequency trading, algorithmic finance and the Flash Crash: reflections on eventalization

Christian Borch


The Flash Crash of 6 May 2010 has an interesting status in discussions of high-frequency trading, i.e. fully automated, superfast computerized trading: it is invoked both as an important illustration of how this field of algorithmic trading operates and, more often, as an example of how fully automated trading algorithms are prone to run amok in unanticipated frenzy. In this paper, I discuss how and why the Flash Crash is being invoked as a significant event in debates about high-frequency trading and algo-financial markets. I analyse the mediatization of the event, as well as the variety of eventalizations of the Flash Crash – the different ways in which the Flash Crash is being mobilized as an illustrative event. I critically discuss the impact often associated with the Flash Crash – and on that basis, inquire into why the event nonetheless attracts so much attention. I suggest that a key reason why the Flash Crash is widely discussed is that eventalizations of 6 May 2010 evoke familiar tropes about the fear of technology and the fear of herding. Finally, and given their emphasis on herding, I argue that the Flash Crash eventalizations may contribute to discussions within economic sociology about resonance in quantitative finance.

From page 30 of the PDF below:

In a survey conducted by BlackRock, the world’s largest asset manager, 380 retail financial advisors were asked about the impact of the Flash Crash. The survey demonstrated ‘that the majority of advisors were minimally affected by the market disruption’, and BlackRock therefore concluded that ‘the final impact on investors was relatively limited due to widespread trade cancellations’ (2010, p. 3).
Spread the love