SEC hosts round table to discuss stock market structure

06/3/2010 | Reuters · CNBC

The Securities and Exchange Commission summoned trading experts to discuss the marketplace in the wake of the May 6 "flash crash." SEC Chairman Mary Schapiro said regulators are making progress in their review of the market plunge, but a single cause of the crash has not been, and might never be, determined. Some veteran traders at the meeting scrutinized fragmentation of the market and high-speed trading. "Market structure like this guaranteed that a flash crash would happen; it was only a question of when," said Richard Rosenblatt, who has executed trades for institutional investors for decades.

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Reuters · CNBC

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