Financial Ethics: A Review of 2010 Flash Crash
Modern day stock markets have almost entirely became automated. Even though it means increased profits for the investors by algorithms acting upon the slightest price change in order of microseconds, it also has given birth to many ethical dilemmas in the sense that slightest mistake can cause people to lose all of their livelihoods. This paper reviews one such event that happened on May 06, 2010 in which $1 trillion dollars disappeared from the Dow Jones Industrial Average. We are going to discuss its various aspects and the ethical dilemmas that have arisen due to it.
Digital Object Identifier (DOI): doi.org/10.5281/zenodo.1092948Procedia APA BibTeX Chicago EndNote Harvard JSON MLA RIS XML ISO 690 PDF Downloads 1587
 Ethics, Finance, and Automation: A Preliminary Survey of Problems in High Frequency Trading Michael Davis, Andrew Kumiega, Ben Van Vliet: Springer Science+Business Media Dordrecht 2012.
 Findings regarding the market events of May 6, 2010 U.S. Commodity Futures Trading Commission, U.S. Securities & Exchange Commission.