Citi acknowledged that one of its trading desks was behind a flash crash in Europe Monday

Sharp drop in Stockholm's OMX30 on Monday 2 May.

Via CNBC:

  • “The reason for the drop was a sell event by a market participant. We have not identified any disturbances in Nasdaq´s systems,” a Nasdaq spokesperson in Stockholm said in an emailed statement shortly before market close.
  • “Furthermore, after a review, Nasdaq has not seen any reason to cancel trades that were made during this event,” she said.

Via Yahoo:

  • “This morning one of our traders made an error when inputting a transaction,” the New York-based bank said in an emailed statement. “Within minutes, we identified the error and corrected it.”

Oh dear ...

omx 02 May 2022 citi

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