Page 25 - Flash Crash News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Drive it that fast? no. this is like a freeway with no speed limits and some people have ferraris and some people have camrys. >> just to be clear, the average investor, the person watching me now cannot get that ferrari. if you're the most active day trader going, this high frequency trading can trigger a flash crash. >> these are systems that are very closely guarded by the big companies that use them. in some cases, it's brain yaks who for their final project. there was one time we profiled a kid who made the black box. he said because i'm hoping goldman sachs buys it for $10 million. look ...

Here is what happened: millions of computer generated trades sent dozens of stocks shooting way up and other stocks tanked in a matter of a few seconds yesterday at the open. the trading volume on the dow yesterday, notice the spike at start. they say the number of stocks trading hands was him double the average for that time day. all of the trade came from one single broker, knight capital, which blames a "technology issue." today, it reports the flood of bad trades stands to cost it some $440 million. stocks stabilized by the end of the trading day but the feds say they are monitoring the is...

Everything leveled out by the end of the trading day. feds say they are monitoring the issue. some analysts are comparing the mess to that flash crash back in 2010. remember a computer problem cause the market to lose trillions of dollars in just minutes. the fox business network gerri willis is with us tonight. >> things are better today but not great. the dow down 92 points. what else europe? take a look at night trading. down 62% just today. 75% in the last two days and lost $440 million in a heart beat in that mess. >> didn't the feds put protections into place after this similar thing but...

Volatility, the volume of trading that we saw. >> the volume of trading and the volatility and it is a big reason why if you're sitting there saying i can get this at a 20% discount, you should stay away until it really settles down and the risk is that you don't know where these blowups will happen next. we had the flash crash two years ago and just keeps happening where you least expect it. >> and with this response at least at this point from facebook that they believe the lawsuits are without merit, is that enough? do they need to say more. >> they need to say more. zuckerberg needs to com...

there in florida? >> yep. i'm here in florida, yep. >> this is your beat for many, many years as you watch this, as you're kind of going over in your head how many times you have you have interviewed the crews, when's going through your mind? what are you thinking about as we start to watch the craft land? >> you know, i think like so many people here think and of course, you know, my opinion is certainly somewhat skewed that, you know, it had a lot of flights left in them. all of the vehicles could have flown more except for planning that didn't go perhaps the way it should have. yo...