Flash Crash Case Exposes Resource Gap Limiting CFTC, Massad Says
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The top U.S. derivatives regulator may seek new electronic trading rules following the arrest of a London man in a case tied to the 2010 flash crash even as it calls for more money to keep pace with fast-moving markets.
Commodity Futures Trading Commission Chairman Timothy Massad said the agency is looking at its own rules as well as procedures at exchanges such as CME Group Inc., which handled the transactions cited in the allegations against Navinder Singh Sarao.