Quote stuffing not to blame for flash crash, Berman insists

berman-gregg

Gregg Berman, Washington, DC-based senior policy adviser at the US Securities and Exchange Commission (SEC) and leader of the agency’s investigation into May 6, insists 'quote-stuffing' was not to blame for the flash crash.

The flash crash saw the Dow Jones Industrial Average (DJIA) embark on a sudden dive of almost 1,000 points, before recovering soon afterwards.

Quote-stuffing involves high-frequency traders placing large numbers of orders before quickly cancelling them to overload exchange

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here