October 5, 2010
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…
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Last Updated: October 7, 2010