Reuters reports that a U.S. Senate panel will examine computerized trading, after
a recent series of technology glitches that has eroded investor confidence in
financial markets and alarmed regulators.
A Senate Banking subcommittee focused on financial markets plans to hold
a hearing on the topic in the "near future," a spokesman for Senator
Jack Reed, chairman of the subcommittee, said on Wednesday.
The spokesman, Chip Unruh, declined to provide details of
who will appear at the hearing or when it will be scheduled by the Subcommittee
on Securities, Insurance, and Investment.
The plans for a hearing come as U.S. securities regulators
are scheduled to host an October roundtable discussion to examine technologies
in today's market and what kind of controls may be needed to promote market
stability and prevent glitches that can scare off investors….
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