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Because the people those transactions were with didn’t want them reversed, and there was no rule or law that required it.
by seoaeu 4y ago
Because the people those transactions were with didn’t want them reversed, and there was no rule or law that required it.
- sumedh 4y agoDidnt the exchanges cancel the trades during the flash crash in 2010. I am sure the buyers of those transactions which were able to buy shares of good companies for pennies would not want to reverse those transactions. Knight was not a big player so the exchanges had no reason to keep them happy.