253: Patrick Boyle - Lessons from Financial History and False Expectations in the Markets
Chat With Traders
What Caused the Flash Crash?
I think there were a few things that caused the flash crash. It was this idea that it was caused by one guy or by a group of traders who were sort of manipulating or bullying the market around. I would argue that a big part of what happened was that market making had become much more algorithmic at that point in time. Anyone intelligent at that point knew like we'd just been through a period of great volatility and we had seen people's trades just being unpicked because they were considered unfair for a variety of reasons.
00:00
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
