Market Disruption Seen Sign of Times in Poll After Nasdaq Mishap
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Disruptions such as last month’s three-hour shutdown by the Nasdaq Stock Market will never be completely preventable and U.S. regulators shouldn’t make perfection their goal, according to a Bloomberg Global Poll.
While U.S. Securities and Exchange Commission Chairman Mary Jo White urged efforts to strengthen markets following the Nasdaq mishap, 35 percent of those surveyed say regulators shouldn’t try to enforce zero-fault tolerance in equity markets, eight percentage points more than those who say they should, according to the global poll of investors, analysts and traders who are Bloomberg subscribers.