Electronic Trading to Blame for Plunge, NYSE Says (Update1)

http://www.bloomberg.com/apps/news?pid=20601087&sid=aktCEVdfmfys&pos=1

“If you look at the charts you can see fairly clearly where the trades came in,” he said from New York. “It’s that V-shaped drop where it came down and snapped right back up. You had some very high-cap stocks trading down 50 percent or large percentages in a split instant because there really was no liquidity in electronic markets.”