Money Manager Waddell & Reed is Mystery Trader in Market Crash
May 14, 2010 at 13:16 PM EDT
Reuters reports that Waddell & Reed Financial Inc. (WDR) and not a hedge fund or a high frequency trader is the big mystery seller of futures contracts that triggered the market crash last Thursday. The paper said it has found an internal document from CME Group (CME) that reveals Waddell sold on May 6, 75,000 e-mini [...]
