U.S. 'Flash Crash' Panel Calls for Market Overhaul

Summary

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WASHINGTON/NEW YORK (Reuters) - U.S. regulators should stem the growing tide of anonymous stock-trading and consider charging high- frequency traders fees for the disproportionate amount of orders they send into the marketplace, said a panel of experts advising how to avoid another "flash crash."

The report laying out 14 recommendations for the Securities and Exchange Commission and Commodity Futures Trading Commission contains some fresh ideas. Taken together they would significantly overhaul the high-speed market that has gone almost completely electronic in the last decade.

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U.S. 'Flash Crash' Panel Calls for Market Overhaul

However, the changes would require the SEC and CFTC to take on a massive amount of rule-writing, at a time when the agencies are straining to carr...

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