Wednesday, June 22, 2016

DD7HW2 Summarize Article 1

DD7HW2 Summarize Article 1

Descriptive Abstract:
This article talks about studying the Flash Crash and how it effected the markets that day.


Informational  Abstract:
Studying the market today we can see a market before and during a period of high selling pressure. The financial markets on May 6th, 2010 experienced an event which was known as the Flash Crash. The Flash Crash was when the automated sell program was rapidly executed in the E-mini S\&P 500 stock index futures market.

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1686004

Kirilenko, Andrei A. and Kyle, Albert S. and Samadi, Mehrdad and Tuzun, Tugkan, The Flash Crash: High Frequency Trading in an Electronic Market (May 23, 2016). Journal of Finance, Forthcoming. Available at SSRN: http://ssrn.com/abstract=1686004 or http://dx.doi.org/10.2139/ssrn.1686004

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