flash crash

The native cryptocurrency of a real-world asset-focused project dramatically crashed by nearly 90% on Sunday, wiping out billions of dollars worth of investors' fortunes. What happened: The OM token of Layer-1 blockchain MANTRA nosedived from $5.26 to $0.42 in 90 minutes in the afternoon. The...

Ethereum (CRYPTO: ETH) plummeted to $950 at one point Monday, driven by 65,000 ETH dumped on Uniswap (CRYPTO: UNI). What Happened: On June 13, ETH fell below the spot price, relative to other exchanges, to $950 on Uniswap. Ethereum, across numerous multiple trading pairs, was unloaded for a...

Ethereum Classic (CRYPTO: ETC) suffered a steep 23% flash crash on Saturday in sympathy with Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), which fell about 15% and 21%, respectively, during the same time period. While Ethereum has erased all of the losses from that day, Ethereum Classic and...

The price of gold fell to a multiweek low on Monday after a trader made a grave mistake. Spot gold fell around 1 percent Monday morning to trade as low as $1,236.46, which marks the lowest level the commodity has seen since May 17, Bloomberg reported. U.S. gold futures also lost nearly 1 percent to...

The British pound experienced a nasty flash crash Thursday evening and failed to recover all of its losses on Friday. On Monday, the currency was trading lower by nearly 0.50 percent, as Brexit concerns aren't fading away. According to Bloomberg, the U.K.'s Prime Minister Theresa May is visiting...

James Barty, Bank of America's head of global cross asset strategy, was a guest on CNBC's "Street Signs" to talk about the British pound's flash crash and his outlook looking forward. Barty quickly pointed out that a flash crash in the forex market during the Asian trading session is "not that...

The British pound suffered its most drastic sell-off since the Brexit vote Thursday evening and fell more than 6 percent in just one minute. The British pound nosedived to as low as $1.1841 from $1.26 around the time Asian markets opened for trading. Some reports attribute the plunge to...

According to most analysts and pundits, reasons for the latest market sell-off include the following: China, low commodity prices, energy default rates, or an old-fashioned technical correction. However, one issue that's flying surprisingly under the radar is high-frequency trading....

Remember the Flash Crash of 2010? Remember when the SEC blamed a mutual fund that turned out to be Waddell & Reed? Remember when Nanex looked into Waddell & Reed trades? Here’s what the SEC said in 2010: According to the CFTC complaint from this morning, Mr. Navinder Singh...

Mark Melin is the author of three books, including High Performance Managed Futures and The Chicago Board of Trade's Handbook of Futures and Options. Melin, a former adjunct instructor in managed futures at Northwestern University writes about hedge funds, alternatives investing and Wall...

Joel Elconin and Dennis Dick discussed on Wednesday's Benzinga's #PreMarket Prep the broad swath of mini-flash crashes that hit before Tuesday's close. After the 3:40 p.m. time period, roughly 20 different stocks were hit with mini-flash crashes. The movements ranged from seven to...

For the first time in the new year, markets ended the day on a positive note. While it is only a few days in, markets appear to have started off 2014 on uncertain footing. Investors and traders found some positives in the U.S. trade deficit which fell to its lowest level in four years, an...

Futures Higher After Tapering Sell-Off U.S. equity futures rose in early Friday trade after a sell-off on Thursday driven by fears that the Federal Reserve will begin reeling in its asset purchases in September. Also, weak sales guidance from Cisco (NASDAQ: CSCO) and Wal-Mart (NYSE: WMT)...