{"id":668,"date":"2020-01-13T14:44:05","date_gmt":"2020-01-13T19:44:05","guid":{"rendered":"https:\/\/exhibitions.lib.udel.edu\/kaufman\/?page_id=668"},"modified":"2020-01-28T14:23:15","modified_gmt":"2020-01-28T19:23:15","slug":"flash-crash","status":"publish","type":"page","link":"https:\/\/exhibitions.lib.udel.edu\/kaufman\/home\/22-months\/financial-system-reform\/market-structure-reform\/flash-crash\/","title":{"rendered":"Flash Crash"},"content":{"rendered":"\n<p><em>[UD_EXHIBITION_ITEM]<\/em><\/p>\n\n\n\n<p>An increasing number of regulators and market participants were urging greater transparency in high frequency trading practices by early 2010; Kaufman asked the SEC to make reducing systemic risk a priority and encouraged high frequency traders to join the discussion. On May 6, 2010, a flash crash caused the Dow to drop 500 points, the single-biggest intra-day decline ever, and Kaufman\u2019s year-long warnings about high frequency trading were vindicated. Following the May 6 crash, Kaufman and Senator Mark Warner (D-VA) proposed an addition to the Dodd-Frank financial reform bill that would require the Securities and Exchange Commission and the Commodity Futures Trading Commission to report to Congress about the causes of the market dive.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[UD_EXHIBITION_ITEM] An increasing number of regulators and market participants were urging greater transparency in high frequency trading practices by early 2010; Kaufman asked the SEC to make reducing systemic risk a priority and encouraged high frequency traders to join the discussion. On May 6, 2010, a flash crash caused the Dow to drop 500 points, [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":656,"menu_order":3,"comment_status":"closed","ping_status":"closed","template":"page-exhibition.php","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-668","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/exhibitions.lib.udel.edu\/kaufman\/wp-json\/wp\/v2\/pages\/668"}],"collection":[{"href":"https:\/\/exhibitions.lib.udel.edu\/kaufman\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/exhibitions.lib.udel.edu\/kaufman\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/exhibitions.lib.udel.edu\/kaufman\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/exhibitions.lib.udel.edu\/kaufman\/wp-json\/wp\/v2\/comments?post=668"}],"version-history":[{"count":6,"href":"https:\/\/exhibitions.lib.udel.edu\/kaufman\/wp-json\/wp\/v2\/pages\/668\/revisions"}],"predecessor-version":[{"id":1179,"href":"https:\/\/exhibitions.lib.udel.edu\/kaufman\/wp-json\/wp\/v2\/pages\/668\/revisions\/1179"}],"up":[{"embeddable":true,"href":"https:\/\/exhibitions.lib.udel.edu\/kaufman\/wp-json\/wp\/v2\/pages\/656"}],"wp:attachment":[{"href":"https:\/\/exhibitions.lib.udel.edu\/kaufman\/wp-json\/wp\/v2\/media?parent=668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}