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You gotta love it how CNBC just takes the SEC's word as if it was the truth....don't forget, the trader did not nothing wrong, the system was simply not able to handle the transaction(s) that resulted.
CNBC.com Article: How One Trade Set Off Flash Crash
The most surprising revelation in Friday's report on the May 6 "Flash Crash" is that a single trade, against a backdrop of high volatility and downward price pressure, seems to have been responsible.
Full Story:
http://www.cnbc.com/id/39462666
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