Vedant Misra

I work on artificial intelligence research at OpenAI. Previously, I was founder and CEO of Kemvi, acquired by HubSpot.

Why flash crashes happen

The markets have been volatile recently. Various securities have experienced “mini flash crashes”: they suddenly lose a large fraction of their value, and regain it just as quickly. I wrote a piece for NECSI’s website to explain some of the market microstructure behind why flash crashes happen.