Video: Mark Williams on the Billion Dollar “Fat Finger” Error
Boston University School of Management’s Mark Williams, master lecturer in finance as well as a School of Management alumnus (MBA ’93), appeared as the featured guest on Yahoo! Finance on May 7, 2010, to discuss the near-1,000-point plunge of the stock market, rumored to have been caused by a “fat finger” trader error.
Electronic trading “had a role, but I don’t think it was front and center” in causing the market collapse, Williams says. Watch the full segment here:
In a related news segment, Yahoo! Finance asks Williams to comment on the “very troubling economic backdrop to what happened” with the market volatility beyond the potential computer glitch, “starting with the chaos in Europe”:
Read more about Mark Williams’ work on risk management and his new book Uncontrolled Risk.