CME's Donohue says fragmentation likely caused "flash crash"

06/8/2010 | Reuters

CME Group CEO Craig Donohue said the May 6 market plunge likely was caused by stock market fragmentation rather than high-speed trading. "It has very little or nothing to do with high-frequency trading and very much to do with cash-equities fragmentation," Donohue said. He added that splitting the share market into dozens of venues resulted in a "complete total lack of regulatory oversight."

View Full Article in:

Reuters

Published in Brief:

SmartBrief Job Listings for Business

Job Title Company Location
Vice President, Science and Regulatory Affairs
American Beverage Association
Washington, DC
Director - Career Services
The Culinary Institute of America
Hyde Park, NY
Vice President, HEDIS & Performance Outcomes
CareSource
Dayton, OH
Director of Contracting and Compliance
CareFirst BlueCross BlueShield
Multiple Locations, MD