ANOTHER DAILY FLASH CRASH http://www.zerohedge.com/article/wi...-crash-let-offending-algo-finally-be-punished
Those clumsy fools at Waddell & Reade again. Certainly couldn't be anything to do with [most favoured status] HFT. Lucky the HFT's were there to add liquidity or it could have been much worse.
"Intra-milli-second"(IMS) liquidity providers. HFT is meanwhile not a term that describes these folks in an appropriate manner...