Flash crash lessons learned: Interview with Bannert-Thurner
Now that the dust has settled after the extraordinary May 6 ‘Flash Crash’, Victor Anderson catches up with FTEN’s Valerie Bannert-Thurner to discuss how technology can help guard against future crises
What is your understanding of the technology shortcomings that helped contribute to the ‘Flash Crash' of May 6?
In order to understand what went wrong from a technology perspective, I guess you have to step back and look at the industry as a whole. In general, nobody has been able to point to a single root cause of the event, but the one lesson we've learned is that the market structure we are in is very complex - trading activity takes place across multiple exchanges and asset classes and is
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