Page 22 - Flash Crash News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Something people should care about? they reopen and everything is fine. is this important to the average american or non-story? >> it's totally important to the average american. this is now becoming a pattern. i mean if we remember back when facebook had its ipo there were technical glitches. we all remember the flash crash a few years ago this like ghost that came out of nowhere and was -- i think the problem is, it's very -- it's hard to understand exactly what happened in all these cases and we've said this every time this comes up, you know, there's no proof that it won't happen again tom...

Literally frozen in time. nasdaq says it was a connectivity issue related to a broker. the fcc will meet on the matter, especially the technological vulnerabilities of changes and participants. multiple investigations are necessary here. vulnerabilities might be an understatement. it follows two public glitches. the facebook ipo was a mess, a total and utter mess because of nasdaq problems. remember back in may, 2010, computer malfunctions were blamed for the flash crash that caused the dow to plunge 700 points in minutes. yesterday's nasdaq marked the longest period of time. they were halted ...

Finally explained that the flash freeze was caused by a glitch in its processor used to distribute stock quotes to investors. you can see how the nasdaq flatlined here. full trading did not room until 3:25 eastern time. during the time $5.7 trillion worth of shares were paralyzed and inaccessible to traders. nasdaq said in a statement that we will, quote, work with other exchanges to investigate the issues of today and will support any necessary steps to enhance the platform. experts say there's little to worry when it comes to your 401(k) or ira because as trading networks have become more in...

>> long-term i think you can still trust the stock market but short term, you know, investors questions and doubts and fears, i think feel justified. you see something like an mf global where customers accounts are invaded and customers funds disappear and then there's -- don't seem to be any consequences for management. you see these things like the flash crash and you see things like the knight trading thing and -- >> yeah. >> i think people say i wonder if this is still for me. for long term, i think it is but you see the kind of volatility, of course, in the month of june and you do feel l...

International. you talk about restoring trust in your book and punishing people who buck the system. can people trust the market right now with this volatility? >> long term, you can still trust the stock market. short term, investors' questions and doubts and fears, i think, feel justified. you see something like an mf global where customers' accounts are invaded and customers' funds disappear, and there doesn't seem to be any consequences for management. you see these things like the flash crash, and you see things like the night crating thing, and i think people say, geez, i wonder if this ...