In financial market terms, the unexpected, sudden failure of an electronic trading system. – On May 6, 2010, there was a fifteen-minute computer-induced interruption of high-frequency trading on the New York Stock Exchange. Suddenly, the price of many stocks moved extraordinarily away from the previous course, without this movement being justified in any way by new circumstances. After the technology was repaired, prices quickly recovered. – See blackout risk, computer exchange, stock market, electronic, financial market shock, witching hour, trading platform, intermittency, electricity risk, technology risks. – Cf. Financial Stability Report 2011, p. 76 f. (lessons from the flash crash in Neuyork).
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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