‘Lose $1 Million in 2 Seconds’: Market Chaos Rocks Trading Desks
It was 1 a.m. in London when the markets jarred Michael Brown awake. He had his phone next to his bed, and it had started pinging him with alerts, just...
By Winnie Hsu, Greg Ritchie, Charles Gorrivan, Ruth Carson · Bloomberg Markets
It was 1 a.m. in London when the markets jarred Michael Brown awake. He had his phone next to his bed, and it had started pinging him with alerts, just “buzzing and buzzing and buzzing”: Brent crude is over $100 a barrel; over $110; Nasdaq futures sink 2%; the Nikkei plunges 5%.