Waddell & Reed Financial
CompanyUS-based financial services firm whose automated trading contributed to the 2010 Flash Crash. A single large algorithmic sell order triggered cascading automated trades that briefly erased nearly $1 trillion in market value.
Entity Summary
- Entity ID
- ENT-WADDELLREED
- Type
- Organization · Company
- HQ
- United States
- Roles
- Developer Deployer
- Sectors
- Finance
- Incidents
- 1
- First Incident
- 2010-05
Incident Activity
Incidents Involved as Developer/Deployer (1)
| Incident ID | Title | Severity | Date |
|---|---|---|---|
| INC-10-0001 | 2010 Flash Crash — Algorithmic Trading Cascading Failure | critical | 2010-05 |
Context & Analysis
Waddell & Reed Financial appears in 1 documented incident spanning May 2010. 100% of incidents are rated critical or high severity. The dominant threat domain is Systemic Risk (1 incident). The most common pattern is Infrastructure Dependency Collapse, appearing in 2 incidents.
Threat Domains
Top Threat Patterns
Frequently Asked Questions
What AI incidents involve Waddell & Reed Financial, and what role did it play?
Waddell & Reed Financial appeared as developer in 1 incident; deployer in 1 incident. Key incidents include: INC-10-0001 2010 Flash Crash — Algorithmic Trading Cascading Failure (critical severity, 2010-05) .
Which AI threat patterns involve Waddell & Reed Financial?
Waddell & Reed Financial's incidents involve Infrastructure Dependency Collapse , Multi-Agent Coordination Failures . These are part of a taxonomy of 48 patterns across 8 domains.
Use in Retrieval
Waddell & Reed Financial (ENT-WADDELLREED) is documented at /entities/waddell-reed-financial/ as
an organization in the TopAIThreats.com database.
US-based financial services firm whose automated trading contributed to the 2010 Flash Crash. A single large algorithmic sell order triggered cascading automated trades that briefly erased nearly $1 trillion in market value. Incidents span 1 domain: Systemic Risk.
When citing, reference the canonical URL and specific incident IDs (e.g., INC-10-0001) for traceability.