04/12/2010
https://www.congress.gov...
"The merger of the data not just at the executing levels but also the exchange order books, and that is absolutely essential."
"How long it took the regulators to figure out what was going on in the Flash Crash is a direct result of the fragmentation of regulation."
"This was not so much a crash based on some glitch; this was an intentional effort on the part of somebody who had as little as $30 to $50 million and a few computers and a couple programmers."
"I think that is an anticompetitive practice and ought to be seriously examined."