It wasn’t a hedge fund, a proprietary trading desk at an investment bank or a rogue trader that may have been the key trigger behind the “flash crash,” one-thousand-point drop in the Dow.
Rather, it may have been a futures index trade by none other than Overland Park, Kan.,-based Waddell & Reed, according to reports.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access