The Latest Algo Gone Wild: British Pound Gets Rocked After Improper Sell Order

Or at least that’s the rumour Tweeted by FT reporter Tracy Alloway regarding this move in the British pound this morning. Evidently a sell order somehow intended to be for 3 million went through at 3 billion. Or something like that.

Anyway, markets obviously returned to normal pretty quickly.


Photo: FinViz

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