Speed traders eyed after Twitter hack attack: US regulator

The phony tweet from the Associated Press’ hacked Twitter account, which sparked a short-lived panic in the stock market a week ago by saying that President Barack Obama was injured in two explosions at the White House, underscored the need to look at regulating automated trading, the top US derivatives regulator said.

“I think that we do need to finalise a concept release that we’ve been working on for many moons here at the CFTC,” Commodity Futures Trading Commission Chairman Gary Gensler told a public meeting of the agency.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1227424/speed-traders-eyed-after-twitter-hack-attack-us