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Financial Times: Volatility: how ‘algos’ changed the rhythm of the market

“It was a wake-up call,” says Andrei Kirilenko, former chief economist at the Commodity Futures Trading Commission who wrote the US regulator’s report on the 2010 event and now leads Imperial College London’s Centre for Global Finance and Technology. “The flash crash was the first market crash in the era of automated, algorithmic trading.”

Read the full article [ft.com]