High-Frequency Trades May Be Off Hook In Flash Crash

Law360, New York (November 5, 2010, 5:29 PM EDT) -- Securities regulators are revising their view of the role that high-frequency trading played in the May 6 flash crash in the Dow Jones Industrial Average, a senior U.S. policy adviser has said.

“The situation is perhaps a little more complex and nuanced than we might have thought,” Gregg Berman, a senior policy adviser to the U.S. Securities and Exchange Commission, said at an advisory panel meeting on Nov. 1.

The SEC and the U.S. Commodity Futures Trading Commission are probing the causes of the volatility on...
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