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Posted on 21 Mar 2011 | 9,198 views
What Caused the May 6 2010 Flash Crash

Waddell & Reed initiated a computer-driven sale worth $4.1 billion by one of its traders which helped trigger the May flash crash, setting off liquidity shocks that ricocheted between U.S. futures and stock markets, sending the Dow Jones industrial average careening nearly 1,000 points in less than a half-hour on May 6, 2010, federal regulators said Friday.