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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.
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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.
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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.
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Pepperstone Review 2026: Massive Deposit & Withdrawal Complaints Against This Regulated Broker
Have you experienced issues with Pepperstone deposit & withdrawal processing? From your experience, do you feel that the Australia-based forex broker causes losses to its clients? Did the brokerage entity freeze your account and give you a margin call? All these trading allegations have been rampant on broker review platforms such as WikiFX. This Pepperstone review article takes a close look at the user complaints, especially in 2026. Additionally, we have given an overview of the regulatory framework under which the brokerage entity operates.
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Wundersys vs tradgrip: Two Offshore Newcomers Go Head to Head — and Neither Brings Home a Trophy
Some broker comparisons end with a confident "go with this one." This is not one of them — and that honesty is exactly what makes it worth reading. Wundersys and tradgrip are two young, offshore-registered brokers that keep popping up in front of beginner traders, often through aggressive online marketing. Both promise the usual buffet: tight spreads, generous leverage, multiple account tiers. And both, according to WikiFX, sit near the very bottom of the safety scale. So instead of crowning a champion, this comparison is really about something more useful: learning to read the warning signs, understanding the small differences that still matter, and knowing why "the better of two risky options" is still a conversation about risk.
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The 6 Lowest-Commission Forex Brokers South Asian Traders Are Flocking To in 2026
If you trade forex from India, Pakistan, Bangladesh, Sri Lanka, or Nepal, you already know the quiet truth that eats into every trader's results: it is not just the market that decides whether you profit — it is the cost of getting in and out of each trade. Shave a couple of dollars off your commission on every lot, multiply it across hundreds of trades a year, and you are looking at the difference between a strategy that works and one that bleeds out slowly. South Asian traders are some of the most cost-conscious in the world, and rightly so. So we pulled the data on the brokers most often recommended for the region, cross-checked every name on WikiFX, and ranked them by the one number that matters most here: what they actually charge you to trade. Before the list, one quick lesson that will make this whole ranking click.
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