The fear is one of the dips may turn into another bear market
Navinder Singh Sarao, a 37-year-old Indian-origin futures trader could be extradited to the US to face trial for his role in the May 2010 "flash crash" which wiped billions of dollars off the value of US shares in minutes, a UK court ruled today.
Automated trading impacts markets positively by bringing in greater liquidity, efficient price discovery, efficient order execution due to greater objectivity than human emotion, reduced scope for human errors and most importantly – lesser information leakage.
Securities Appellate Tribunal (SAT) seeks replies from Emkay Global and National Stock Exchange (NSE) on the stock market crash that took place in October 2012.
With an aim to check systemic risk from erroneous trades, the National Stock Exchange (NSE) has asked brokers to restrict their trade orders within 10 per cent of the prevailing price of shares and other securities.
After meeting with Sebi and the governor and deputy governor of the RBI, earlier on Saturday, finance minister P Chidambaram addressed mediapersons that the government is committed to channelise savings into financial instruments and to regulate financial markets and investments.
Experts trying to figure out how to avoid another 'flash crash' are thinking of making big changes to the US stock marketplace, with one member of a panel recommending fees during times of stress and a crackdown on off-exchange trading.