MarketFactory and Darren Jer, CEO, were mentioned in today’s Financial Times article “Echoes of new year flash crash fuel investor anxiety over market liquidity.”

“Analysis from technology company MarketFactory shows that on January 2, a cluster of market participants wanted to sell their dollars in exchange for yen at the same time, paying a higher and higher price for the Asia currency as the value of the dollar temporarily collapsed. Unusually, for a period of three minutes after that, it became impossible to buy the Japanese currency because there were no sellers left.”

“We can call this a mini-flash crash but it was nowhere near as big as the sterling crash in 2016,” said Daren Jer, CEO of MarketFactory.