October 5, 2010

Debate on 'Crash' and Its Causes

By Tom Lauricella

While regulators are emphasizing the role a single trade played in kicking off the May 6 "flash crash," some are arguing that takes the focus away from the broader, underlying causes of the stock market's failure that afternoon.

In a speech Monday, CFTC Chairman Gary Gensler characterized Waddell's trading as like driving on "autopilot into a ravine" and raised the question of whether there should be stepped-up regulation of algorithmic trades…

Read Full Article on Wall Street Journal.

Last Updated: October 7, 2010