CFTC's Chilton Says Markets Safer Since `Flash Crash': Video
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CFTC's Chilton Says Markets Safer Since `Flash Crash': Video

Oct. 1 (Bloomberg) -- Bart Chilton, a member of the Commodity Futures Trading Commission, discusses today's joint report by the CFTC and the Securities and Exchange Commission about the May 6 computer-driven stock market crash. The report found that the automated sale of stock futures without regard to price and "hot potato" trading by computer-driven firms that briefly created an illusion of liquidity helped trigger the crash, turning an orderly selloff into an $862 billion rout as buy orders evaporated. Chilton talks with Peter Cook on Bloomberg Television's "Street Smart." (Source: Bloomberg) (Bloomberg)

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