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Flash crash one year on: flaws still exposed

European traders fear that few lessons have been learned since the Dow Jones Industrial Average plunged 1,000 points in just half an hour of trading on May 6, 2010

One year ago today, traders around the world were rocked when the Dow Jones Industrial Average plunged almost 1000 points at 14:47 Eastern Standard Time – only to recover most of its losses within half-an-hour.

The 20-minute freefall of US blue-chip companies was the biggest one-day point decline on an intraday basis and was believed to have been prompted, or at least exacerbated, by an over-sized order that was sent into the market mistakenly.

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