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Flash crash trader jumps into currency market when others flee

New York

ISAAC Lieberman loves a good flash crash.

There is nothing nefarious afoot here, to be clear. It is just that at a time when many currency trading firms do not know what to do when extreme price fluctuations hit, Mr Lieberman has brought together a bunch of military and technology gurus to form a firm - Aston Capital Management - that is designed to thrive at those moments. When others shut down, it gears up.

"We get very excited about flash events because it gives us data to work with that's very hard to come by," he said in an interview at Aston's office on the 85th floor of New York's Freedom Tower. "You can't simulate things like this."

Violent shifts in the US$5.1 trillion a day foreign...

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