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Citi Investigates Trader Error Causing European Flash Crash, Swedish Stocks Drops 8% in Minutes and Trigger Sell-Off in Germany, France, Norway & Denmark
6th May 2022 | Hong Kong
Citi is investigating a trading error by a Citi trader that caused a flash crash in Europe, with Swedish stocks dropping 8% in minutes (Swedish benchmark: Stockholm OMX 30 drops 7.9%) on Monday (2/5/22) and triggering a sell-off in Germany, France, Norway & Denmark. Citi: “On Monday, one of our traders made an error when inputting a transaction. Within minutes, we identified the error and corrected it.” Nasdaq Stockholm: ”Nasdaq is continuously investigating all market movements on our market places, and we have done the same in this situation. The reason for the drop was a sell event by a market participant. We have not identified any disturbances in Nasdaq’s systems. Nasdaq has not seen any reason to cancel trades that were made during this event.”
“ Citi Investigates Trader Error Causing European Flash Crash, Swedish Stocks Drops 8% in Minutes and Trigger Sell-Off in Germany, France, Norway & Denmark “
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Citi Investigates Trader Error Causing European Flash Crash, Swedish Stocks Drops 8% in Minutes and Trigger Sell-Off in Germany, France, Norway & Denmark
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