Sarao was arrested in London on Tuesday at the request of US authorities
The CME Group, the world’s
largest futures market, has insisted "the Flash Crash was not
caused by the futures market" following the arrest of a British
futures trader in connection with the market crash of 2010.
The Merc said in a statement: "Following
the Flash Crash on May 6 2010, together with other regulators,
we did a thorough analysis of all activity in our markets
during the Flash Crash, and concluded - along with regulators -
that the Flash Crash was not caused by the futures market."
The Chicago exchange, where the E-mini
S&P 500 contracts that crashed on May 6 trade, also said:
"If new information has come to light, we look forward to
reviewing it with the Commission. We fully support the CFTC's
actions to prosecute those who attempt to engage in fraud or
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