Did A Rogue Algorithm Cause GBPUSD Fall 1200 Pips In 1 Minute?

21 November 2016, 14:54
Ahmad Hassam
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Did a rogue algorithm cause the British Pound flash Crash that took place during the Asian Market Session on October 6th?

Read my new blog post in which I explain how a rogue algorithm caused GBPUSD fall 1200 pips in 1 minute.

In just 1 minute GBPUSD fell down 1200 pips.

It was a major 10% drop in British Pound against US Dollar in 31 years.

In the next few hours however, GBPUSD recovered almost all the lost ground.

Today more than 60% of trades are being executed by algorithms.

Algorithmic trading is on the rise.

As a retail trader we need to adjust to a new environment.

Read the blog post in which I explain how a rogue algorithm caused the British Pound Flash Crash.

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