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Robo-trading eyed in 'flash crash'

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NO DOMO ARIGATO, MR. ROBOTO
"Mary Schapiro, chairwoman of the Securities and Exchange Commission, told a Senate panel on Thursday that out-of-control computerized trading could be responsible for the historic market plunge on May 6. Schapiro told panelists that the 1,000-point stock plunge was 'possibly exacerbated by the withdrawal of liquidity by electronic market makers and the use of market orders, including automated stop-loss market orders.' She emphasized that one of the most important factors in controlling rapid market plunges is to 'get that human factor back into' the markets' when the technology has run amok.'"
SOURCE:   CNN

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