© Reuters. FILE PHOTO: A Citibank branch is seen in Santa Monica, California, U.S. March 19, 2018. REUTERS/Lucy Nicholson
NEW YORK (Reuters) – The brief crash in Nordic markets on Monday was due to a single sell order placed by Citigroup (NYSE:), according to two sources familiar with the matter.
The flash-crash, which caused European shares to suddenly fall on a day of holiday-thinned trading activity, involved an erroneous calculation relating to a involving Swedish companies, one source said. Citi declined to comment.
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