Regulators continue to debate causes of the "flash crash"

10/5/2010 | Wall Street Journal, The

Some financial regulators have noted that a single trade launched the May 6 "flash crash," while others said emphasis on that trade clouds broader causes of the market plunge. Some said regulators have downplayed other issues, including concerns with data feed, exchanges' rules about canceling trades and rules related to "stub quotes." Gary Gensler, chairman of the Commodity Futures Trading Commission, questioned whether more oversight is needed for algorithmic trading.

View Full Article in:

Wall Street Journal, The

Published in Brief: