You Need Three Butterflies to Cause a Hurricane
The aim of this study is verifying the impact of high volatility, scarce liquidity and stop-loss orders on abnormal events like the May 6, 2010 Flash Crash. The paper assumes those three factors to be the main drivers, proposes a mathematical model based upon them and analyses audit trail data to ve...
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| Format: | Article |
| Language: | English |
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Editura Universităţii „Alexandru Ioan Cuza” din Iaşi / Alexandru Ioan Cuza University of Iasi Publishing house
2020-03-01
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| Series: | Scientific Annals of Economics and Business |
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| Online Access: | http://saeb.feaa.uaic.ro/index.php/saeb/article/view/681 |