Joe Saluzzi is on CNBC's Fast Money and he says that we could see a flash-crash any time, echoing SEC Chairwoman's Mary Schapiro sentiments, that the circuit breakers are not helping, and do not solve the problem.
Saluzzi mentioned Jazz Pharmaceuticals JAZZ which fell $10 in 2 minutes. He said that we need market makers to be incentivized to fix this problem, and it's not happening.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in