Algorithms had no role to play in Nifty fall

More details are emerging on Friday’s ‘flash crash’ incident. In a communique to trading members, the National Stock Exchange (NSE) on Monday revealed that algorithms had no role to play in S&P CNX Nifty futures’ near-seven per cent crash within the space of a few minutes last week. Such a message was put out by the exchange on Monday morning on broker trading terminal NOW (Neat-on-web)
http://www.business-standard.com/india/news/algorithms-had-no-role-to-play-in-nifty-fall-say-nse-officials/472375/

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