CME Group Executive Chairman Terry Duffy will appeared before the U.S. Senate Banking, Housing and Urban Affairs Subcommittee on Securities, Insurance, and Investment to discuss the market events of Thursday, May 6.
"While our futures markets functioned properly on May 6, we are confident our recommendations, including harmonized circuit breakers across securities markets, adoption of stop logic across all futures and equity markets, and the re-evaluation of existing circuit breakers, would improve the efficiency of the markets during times of severe stress," Duffy said.
Read Duffy's full testimony regarding the May 6 market swing here (pdf)
