AI AgentHigh
2010 Market Flash Crash
- Occurred
- May 8, 2010
- Published
- Apr 22, 2015
- Source
- AI Incident Database
Summary
A modified algorithm was able to cause dramatic price volatility and disrupted trading in the US stock exchange.
Developers
- Navinder Sarao
- Waddell & Reed
- Barclays Capital
Deployers
- Navinder Sarao
- Waddell & Reed
- Barclays Capital
Harmed parties
- Market participants
Classification
Category confidence: 85%
Severity confidence: 90%
Rationale: Algorithmic trading caused market disruption, fitting agentic AI failure with significant financial impact.
Classifier: Qwen/Qwen3.5-35B-A3B-FP8