On May 6th, I pinned the market malfunction on Stop Loss Orders cascading in a computerized trading marketplace.
It’s May 18th, and the SEC/CFTC report has now put that stop loss orders in the lead paragraph of what accelerated the disintegration of liquidity…. :)
If I was more able and/or interested in going back to a “real” job, the SEC would likely be the first place I would call….
