The magnetic attraction of the Flash Crash

Laurie Carver
07 Dec 2010

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Gregg Berman, senior policy adviser in the US Securities and Exchange Commission's (SEC) division of risk, strategy and financial innovation, delivered his much-anticipated report on the so-called flash crash at the end of September.

The report was intended to shed light on the strange data - dubbed ‘crop circles' - surrounding the 20-minute period on May 6, when stocks fell precipitously then just as quickly rebounded.

Commenting on the SEC and CFTC report, Berman said, on 13 October 2010, "In

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