10/11/2010

Nanex, a market-research firm, and other industry observers are voicing doubt about U.S. regulators' findings regarding the cause of the May 6 "flash crash." Regulators issued a 104-page report last week that largely blames a mutual fund's trading of e-mini futures. According to Nanex, the market had bottomed before the mutual firm, identified as Waddell & Reed, made its trade.

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