NASDAQ OMX and NYSE Euronext are coordinating their efforts to determine the cause of Thursday 6 May’s market plunge.
In a joint statement, both have outlined their commitment to working with the Securities and Exchange Commission (SEC), other regulators and all market participants to develop effective solutions promoting ‘greater market stability, efficiency and transparency’.
The statement says: “We commend the Securities and Exchange Commission for their continued leadership during this critical time in global markets and agree that a constructive process will promote confidence in the financial markets by investors, listed companies and market participants.”
