{"id":30115,"date":"2023-12-07T08:58:11","date_gmt":"2023-12-07T08:58:11","guid":{"rendered":"https:\/\/masterskills.org\/blog\/flash-crash-la-gi-mot-so-su-kien-flash-crash-da-xay-ra-trong-lich-su-thi-truong-chung-khoan.html"},"modified":"2023-12-23T06:11:57","modified_gmt":"2023-12-22T23:11:57","slug":"flash-crash-la-gi-mot-so-su-kien-flash-crash-da-xay-ra-trong-lich-su-thi-truong-chung-khoan","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/flash-crash-la-gi-mot-so-su-kien-flash-crash-da-xay-ra-trong-lich-su-thi-truong-chung-khoan.html","title":{"rendered":"Flash Crash l\u00e0 g\u00ec? M\u1ed9t s\u1ed1 s\u1ef1 ki\u1ec7n flash crash \u0111\u00e3 x\u1ea3y ra trong l\u1ecbch s\u1eed th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n"},"content":{"rendered":"
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(H\u00ecnh minh h\u1ecda: Chat With Traders)<\/p>\n<\/figcaption><\/figure>\n

Flash Crash<\/font><\/b><\/h2>\n

Kh\u00e1i ni\u1ec7m<\/b><\/p>\n

Flash crash<\/b> l\u00e0 m\u1ed9t s\u1ef1 ki\u1ec7n x\u1ea3y ra trong th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n \u0111i\u1ec7n t\u1eed, trong \u0111\u00f3, vi\u1ec7c r\u00fat l\u1ec7nh c\u1ed5 phi\u1ebfu nhanh ch\u00f3ng \u0111\u00e3 khu\u1ebfch \u0111\u1ea1i s\u1ef1 t\u1ee5t gi\u00e1 ch\u1ee9ng kho\u00e1n. K\u1ebft qu\u1ea3 l\u00e0 m\u1ed9t \u0111\u1ee3t b\u00e1n th\u00e1o ch\u1ee9ng kho\u00e1n nhanh ch\u00f3ng x\u1ea3y ra trong v\u00e0i ph\u00fat, d\u1eabn \u0111\u1ec5n s\u1ef1 s\u1ee5t gi\u1ea3m nghi\u00eam tr\u1ecdng.\u00a0<\/p>\n

S\u1ef1 c\u1ed1 flash crash tr\u1edf n\u00ean tr\u1ea7m tr\u1ecdng h\u01a1n khi c\u00e1c ch\u01b0\u01a1ng tr\u00ecnh giao d\u1ecbch tr\u00ean m\u00e1y t\u00ednh ph\u1ea3n \u1ee9ng v\u1edbi nh\u1eefng b\u1ea5t th\u01b0\u1eddng tr\u00ean th\u1ecb tr\u01b0\u1eddng, ch\u1eb3ng h\u1ea1n nh\u01b0 b\u00e1n m\u1ea1nh m\u1ed9t ho\u1eb7c nhi\u1ec1u ch\u1ee9ng kho\u00e1n, v\u00e0 b\u1eaft \u0111\u1ea7u t\u1ef1 \u0111\u1ed9ng b\u00e1n kh\u1ed1i l\u01b0\u1ee3ng l\u1edbn v\u1edbi t\u1ed1c \u0111\u1ed9c c\u1ef1c k\u00ec nhanh ch\u00f3ng \u0111\u1ec3 tr\u00e1nh thua l\u1ed7.<\/p>\n

Flash crash c\u00f3 th\u1ec3 k\u00edch ho\u1ea1t\u00a0c\u01a1 ch\u1ebf c\u1ea7u dao\u00a0t\u1ea1i c\u00e1c s\u00e0n giao d\u1ecbch ch\u1ee9ng kho\u00e1n l\u1edbn nh\u01b0\u00a0NYSE, t\u1ea1m d\u1eebng giao d\u1ecbch cho \u0111\u1ebfn khi c\u00e1c l\u1ec7nh mua v\u00e0 b\u00e1n c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c kh\u1edbp b\u1eb1ng nhau v\u00e0 giao d\u1ecbch c\u00f3 th\u1ec3 ti\u1ebfp t\u1ee5c m\u1ed9t c\u00e1ch c\u00f3 tr\u1eadt t\u1ef1.\u00a0<\/p>\n

M\u1ed9t s\u1ed1 s\u1ef1 ki\u1ec7n flash crash \u0111\u00e3 x\u1ea3y ra trong l\u1ecbch s\u1eed<\/font><\/h3>\n

Ngay sau 2 gi\u1edd 30 ph\u00fat chi\u1ec1u ng\u00e0y 6\/5\/2010, m\u1ed9t v\u1ee5 flash crash \u0111\u00e3 x\u1ea3y ra khi\u00a0ch\u1ec9 s\u1ed1 trung b\u00ecnh c\u00f4ng nghi\u1ec7p Dow Jones\u00a0gi\u1ea3m h\u01a1n 1.000 \u0111i\u1ec3m trong 10 ph\u00fat, m\u1ee9c gi\u1ea3m l\u1edbn nh\u1ea5t trong l\u1ecbch s\u1eed t\u1ea1i th\u1eddi \u0111i\u1ec3m \u0111\u00f3. H\u01a1n 1.000 t\u1ec9 USD v\u1ed1n \u0111\u00e3 b\u1ed1c h\u01a1i, m\u1eb7c d\u00f9 th\u1ecb tr\u01b0\u1eddng \u0111\u00e3 l\u1ea5y l\u1ea1i 70% v\u00e0o cu\u1ed1i ng\u00e0y.<\/p>\n

C\u00e1c b\u00e1o c\u00e1o ban \u0111\u1ea7u cho r\u1eb1ng s\u1ef1 c\u1ed1 x\u1ea3y ra do m\u1ed9t l\u1ec7nh nh\u1eadp sai, v\u00e0 nguy\u00ean nh\u00e2n c\u1ee7a s\u1ef1 c\u1ed1 \u0111\u01b0\u1ee3c cho l\u00e0 do Navinder Sarao, m\u1ed9t trader giao d\u1ecbch t\u01b0\u01a1ng lai \u1edf v\u00f9ng ngo\u1ea1i \u00f4 London. Ng\u01b0\u1eddi n\u00e0y \u0111\u00e3 nh\u1eadn t\u1ed9i v\u00ec \u0111\u00e3 c\u1ed1 g\u1eafng “l\u1eeba g\u1ea1t th\u1ecb tr\u01b0\u1eddng” b\u1eb1ng c\u00e1ch nhanh ch\u00f3ng mua v\u00e0 b\u00e1n h\u00e0ng tr\u0103m h\u1ee3p \u0111\u1ed3ng\u00a0E-mini S & P Futures\u00a0th\u00f4ng qua S\u00e0n giao d\u1ecbch Chicago (CME).<\/p>\n

\u0110\u00e3 c\u00f3 nh\u1eefng s\u1ef1 c\u1ed1 flash crash trong l\u1ecbch s\u1eed, trong \u0111\u00f3 kh\u1ed1i l\u01b0\u1ee3ng l\u1ec7nh do m\u00e1y t\u00ednh t\u00ednh t\u1ea1o ra v\u01b0\u1ee3t qu\u00e1 kh\u1ea3 n\u0103ng s\u00e0n giao d\u1ecbch c\u00f3 th\u1ec3 duy tr\u00ec \u0111\u01b0\u1ee3c l\u01b0u l\u01b0\u1ee3ng l\u1ec7nh ph\u00f9 h\u1ee3p:<\/p>\n

– Ng\u00e0y 24\/8\/2015: M\u1ed9t cu\u1ed9c b\u00e1n th\u00e1o \u1edf ch\u00e2u \u00c1 \u0111\u00e3 k\u00edch ho\u1ea1t s\u1ef1 s\u1ee5t gi\u1ea3m gi\u00e1 c\u1ee7a c\u00e1c h\u1ee3p \u0111\u1ed3ng ch\u1ee9ng kho\u00e1n t\u01b0\u01a1ng lai ch\u00e2u \u00c2u v\u00e0 M\u1ef9 tr\u01b0\u1edbc khi th\u1ecb tr\u01b0\u1eddng M\u1ef9 m\u1edf c\u1eeda. \u0110\u1ea7u ng\u00e0y giao d\u1ecbch, ch\u1ec9 s\u1ed1 Dow b\u1eaft \u0111\u1ea7u gi\u1ea3m h\u01a1n 1000 \u0111i\u1ec3m nh\u01b0ng \u0111\u00e3 ph\u1ee5c h\u1ed3i \u0111\u01b0\u1ee3c m\u1ed9t n\u1eeda trong nh\u1eefng ph\u00fat giao d\u1ecbch \u0111\u1ea7u ti\u00ean. Nguy\u00ean nh\u00e2n b\u00e1n th\u00e1o x\u1ea3y ra do lo ng\u1ea1i v\u1ec1 suy tho\u00e1i kinh t\u1ebf c\u1ee7a Trung Qu\u1ed1c v\u00e0 s\u1ef1 kh\u00f4ng ch\u1eafc ch\u1eafn xung quanh ch\u00ednh s\u00e1ch t\u0103ng l\u00e3i su\u1ea5t c\u1ee7a Fed.<\/p>\n

– Ng\u00e0y 22\/8\/2013: Giao d\u1ecbch \u0111\u00e3 b\u1ecb t\u1ea1m d\u1eebng t\u1ea1i\u00a0Nasdaq\u00a0trong h\u01a1n ba ti\u1ebfng khi c\u00e1c m\u00e1y t\u00ednh t\u1ea1i NYSE kh\u00f4ng th\u1ec3 x\u1eed l\u00ed th\u00f4ng tin \u0111\u1ecbnh gi\u00e1 t\u1eeb Nasdaq.<\/p>\n

– Ng\u00e0y 18\/5\/2012:\u00a0IPO\u00a0c\u1ee7a Facebook, v\u1ec1 b\u1ea3n ch\u1ea5t th\u00ec kh\u00f4ng ph\u1ea3i m\u1ed9t s\u1ef1 c\u1ed1 flash crash. Nh\u01b0ng c\u1ed5 phi\u1ebfu c\u1ee7a Facebook \u0111\u00e3 b\u1ecb k\u1eb9t trong 30 ph\u00fat t\u1ea1i bu\u1ed5i ch\u00e0o b\u00e1n v\u00ec m\u1ed9t tr\u1ee5c tr\u1eb7c \u0111\u00e3 ng\u0103n c\u1ea3n Nasdaq \u0111\u1ecbnh gi\u00e1 ch\u00ednh x\u00e1c c\u1ed5 phi\u1ebfu, g\u00e2y thi\u1ec7t h\u1ea1i 460 tri\u1ec7u \u0111\u00f4 la.<\/p>\n

Ng\u0103n ch\u1eb7n Flash crash<\/font><\/h3>\n

Khi giao d\u1ecbch ch\u1ee9ng kho\u00e1n \u0111\u00e3 tr\u1edf th\u00e0nh m\u1ed9t ng\u00e0nh c\u00f4ng nghi\u1ec7p \u0111\u01b0\u1ee3c vi t\u00ednh h\u00f3a ng\u00e0y c\u00e0ng nhi\u1ec1u, v\u00e0 \u0111\u01b0\u1ee3c \u0111i\u1ec1u khi\u1ec3n b\u1edfi c\u00e1c thu\u1eadt to\u00e1n ph\u1ee9c t\u1ea1p tr\u00ean c\u00e1c m\u1ea1ng l\u01b0\u1edbi to\u00e0n c\u1ea7u, th\u00ec xu h\u01b0\u1edbng b\u1ecb tr\u1ee5c tr\u1eb7c, sai s\u00f3t v\u00e0 th\u1eadm ch\u00ed l\u00e0 flash crash \u0111\u00e3 t\u0103ng l\u00ean. Tr\u01b0\u1edbc v\u1ea5n \u0111\u1ec1 n\u00e0y, c\u00e1c s\u00e0n giao d\u1ecbch to\u00e0n c\u1ea7u nh\u01b0 NYSE, Nasdaq v\u00e0 CME \u0111\u00e3 \u0111\u01b0a ra c\u00e1c bi\u1ec7n ph\u00e1p v\u00e0 c\u01a1 ch\u1ebf b\u1ea3o m\u1eadt m\u1ea1nh m\u1ebd h\u01a1n \u0111\u1ec3 ng\u0103n ch\u1eb7n ch\u00fang v\u00e0 nh\u1eefng t\u1ed5n th\u1ea5t kh\u00f4ng t\u01b0\u1edfng m\u00e0 ch\u00fang c\u00f3 th\u1ec3 g\u00e2y ra.\u00a0<\/p>\n

V\u00ed d\u1ee5, h\u1ecd \u0111\u00e3 \u0111\u1eb7t c\u00e1c c\u01a1 ch\u1ebf c\u1ea7u dao tr\u00ean to\u00e0n th\u1ecb tr\u01b0\u1eddng \u0111\u1ec3 k\u00edch ho\u1ea1t t\u1ea1m d\u1eebng ho\u1eb7c d\u1eebng ho\u00e0n to\u00e0n c\u00e1c ho\u1ea1t \u0111\u1ed9ng giao d\u1ecbch. S\u1ef1 s\u1ee5t gi\u1ea3m 7% ho\u1eb7c 13% trong ch\u1ec9 s\u1ed1 th\u1ecb tr\u01b0\u1eddng s\u1ebd l\u00e0m \u0111\u00f3ng c\u1eeda c\u00e1c giao d\u1ecbch t\u1ea1m th\u1eddi trong 15 ph\u00fat. N\u1ebfu s\u1ef1 c\u1ed1 v\u1edbi h\u01a1n 20% s\u1ee5t gi\u1ea3m th\u00ec s\u1ebd t\u1ea1m d\u1eebng giao d\u1ecbch \u0111\u1ebfn h\u1ebft ng\u00e0y.<\/p>\n

SEC c\u0169ng c\u1ea5m c\u00e1c truy c\u1eadp kh\u00f4ng c\u0103n c\u1ee9 ho\u1eb7c k\u1ebft n\u1ed1i tr\u1ef1c ti\u1ebfp \u0111\u1ebfn s\u00e0n giao d\u1ecbch. C\u00e1c c\u00f4ng ty giao d\u1ecbch t\u1ea7n s\u1ed1 cao, nh\u1eefng ng\u01b0\u1eddi \u0111\u00e3 b\u1ecb \u0111\u1ed5 l\u1ed7i cho vi\u1ec7c g\u00e2y ra hi\u1ec7u \u1ee9ng c\u1ee7a flash crash, th\u01b0\u1eddng s\u1eed d\u1ee5ng m\u00e3 c\u1ee7a nh\u00e0 m\u00f4i gi\u1edbi c\u1ee7a h\u1ecd \u0111\u1ec3 truy c\u1eadp tr\u1ef1c ti\u1ebfp v\u00e0o c\u00e1c s\u00e0n giao d\u1ecbch. C\u00e1c bi\u1ec7n ph\u00e1p nh\u01b0 v\u1eady kh\u00f4ng th\u1ec3 ho\u00e0n to\u00e0n lo\u1ea1i b\u1ecf c\u00e1c flash crash, nh\u01b0ng ch\u00fang c\u00f3 th\u1ec3 gi\u1ea3m thi\u1ec3u thi\u1ec7t h\u1ea1i m\u00e0 s\u1ef1 c\u1ed1 n\u00e0y g\u00e2y ra.\u00a0<\/p>\n

(Theo Investopedia<\/i>)<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\n Flash crash l\u00e0 m\u1ed9t s\u1ef1 ki\u1ec7n x\u1ea3y ra trong th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n \u0111i\u1ec7n t\u1eed, trong \u0111\u00f3, vi\u1ec7c r\u00fat l\u1ec7nh c\u1ed5 phi\u1ebfu nhanh ch\u00f3ng \u0111\u00e3 khu\u1ebfch \u0111\u1ea1i s\u1ef1 t\u1ee5t gi\u00e1 ch\u1ee9ng kho\u00e1n.\n <\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[417],"tags":[],"_links":{"self":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/30115"}],"collection":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/comments?post=30115"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/30115\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=30115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=30115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=30115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}