Global Broker Regulation Inquiry App
WikiFX
English
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Flash Crash Caused by Citi's London Trading Desk
Abstract：The Citigroup Inc. offices are located at 25 Canada Square in London's Canary Wharf business, financial, and shopping district.
Click Here: After you read it, Daily Routine with WikiFx
The London trading desk of Citigroup Inc. caused a flash crash in Europe, sending shares tumbling after a sudden 8% drop in Swedish stocks.
One source said a large erroneous transaction by the U.S. bank's London trading desk triggered the sell-off. A five-minute selloff in the OMX Stockholm 30 Index shook markets from Paris to Warsaw, knocking the main European index down by 3% and wiping out 300 billion euros.
Citi declined to comment.
While the cause of the brief slump was unknown, a Nasdaq Stockholm spokesman said it wasn't a technical issue. “Our first priority was to eliminate technical issues within our systems, followed by an external attack. ”We have now excluded both, said David Augustsson of Nasdaq Stockholm.
The OMX Stockholm 30 Index fell 1.9%, roughly in line with European markets.
Nasdaq has stated that it will not cancel any trades made on the Nordic markets due to the error.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Short
Long
FED
ECB
Currency Pair
Liquidation
Inflation
Market capitalization
Asian session
G8
BOE
Devaluation
Liquidity
Forex news
forex market
monetary policy
interest rates
inflationary
Ramadan
Read more
Seaprimecapitals Review 2025: A Complete Look at an Unregulated Broker
Seaprimecapitals presents a common problem for today's traders: it offers easy-to-use features and low starting costs, but it lacks important financial regulation. When traders research this broker, it looks good at first glance with features such as a $10 minimum deposit and the popular MT5 trading platform. However, these features come without the investor protections that regulated brokers provide. This review gives you a complete and fair analysis based on available information to help you make a smart decision.
Original 1m
Hankotrade Exposed: Does it Harm Traders with Manipulated MT4 Chart and High Spreads & Slippage?
Have you witnessed a manipulated MT4 chart on Hankotrade login, showing inaccurate trading figures? Have you been victimized by high swap fees, inflated spreads, and massive slippage? Is the payment processing time too long at Hankotrade? Do you face downtime issues, especially when the New York trading session is on? These are some top complaints against the Belize-based forex broker. In this article, we have shared these complaints. Take a look!
Original 22h
Cloudflare Outage Disrupts Broker Websites and Crypto Platforms
Cloudflare outage causes widespread disruption to broker websites and crypto platforms, highlighting risks in web infrastructure reliance.
Original Yesterday 18:56
Switch Markets Review: Do Traders Face Deposit Discrepancies and Account-related Issues?
Do you fail to deposit your funds into the Switch Markets forex trading account? Earned profits, withdrew them too, but did Switch Markets block your deposits? Wanted to close your trading account due to payment-related issues, but in turn got your emails blocked by the Australia-based forex broker? Faced a negative trading account balance because of illegitimate trade order execution? Many traders have shared these stories about Switch Markets on broker review platforms. In this Switch Markets review article, we have mentioned the same. Read on!
Original Yesterday 18:03
WikiFX Broker
Latest News
CQG Partners with Webull Singapore to Power the Broker’s New Futures Trading Offering
WikiFX【WikiEXPO Global Expert Interviews】Ashish Kumar Singh: Building a Responsible and Interoperable Web3
WikiFXIEXS Review 2025: A Complete Expert Analysis
WikiFXCySEC Flags 21 Unauthorized Broker Websites in 2025 Crackdown
WikiFXIEXS Regulation: A Complete Guide to Its Licenses and Safety Warnings
WikiFXWinproFx Withdrawal Problems: A Complete Look at Delays and User Reports
WikiFXDoes WealthFX Generate Wealth or Losses for Traders? Find Out in This Review
WikiFXFONDEX Review: Do Traders Really Face Inflated Spreads & Withdrawal Issues?
WikiFXFXPrimus Review: Is FXPrimus Regulated and Reliable for 2025?
WikiFXSimulated Trading Competition Experience Sharing
WikiFXCurrency Calculator
USD
CNY
Current Rate: 0
Amount
USD
Available
CNY
Calculate