Home » Business » Flash crash, a Citi trader behind the sudden stock market crash. Meanwhile, Alibaba pays dearly for an “exchange of person”

Flash crash, a Citi trader behind the sudden stock market crash. Meanwhile, Alibaba pays dearly for an “exchange of person”

MILANO – There was a mistake by a trader from the London desk of Citi, one of the largest American investment banks, behind it the sudden surge in sales that around 10 am on Monday 2 May spread to the Northern European price lists and momentarily overwhelmed other squares, including Milan. A “fat finger”, as they say in these cases: a too fat finger that ended up accidentally pressing the wrong key.


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