Bob is not talking about futures, where hft are a lot less intrusive and damaging. He talks about individual equities.
lol ! Bulletin : "Right wing traders hack AP twitter account yet manage to lose a whole bunch in the immediate aftermath "
Out of curiosity how does one(a retail trader) profit from a flash crash? Can you use today's as an example?
In the world of truth, my friend. In the world of facts. Look at the tape, look at how yen crosses traded, look at ES futures, look at the bond futures. There was plenty of size on either side to have partaken in the move down and back up. I am not saying it was an easy trade but I am saying that claiming that it was a jump and nobody could have joined and also saying that hft firms just vanished and that there was no liquidity is simply untrue. Look at the facts and stop talking out of your emotions.