Reuters revealed that a sudden fall in European shares driven by a brief crash in Nordic markets was caused by a single sell order trade by Citigroup. The flash-crash involved an erroneous calculation relating to a Nasdaq index involving Swedish companies. The Stockholm OMX 30 equity benchmark index was one of the hardest hit, falling by 8% at one point following a five-minute dive, before paring most of its losses to trade down 1.7%.
Business & Finance
02 May 2022, 9:34 pm. 1 minute
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & FinanceFinancial Services
Regions: Europe
Media Types: Text
Customer Impact: Important Regional Story
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