In an interview with Reuters, Mary Schapiro said that the report will show exactly what happened on May 6th, when the Dow Jones Industrial Average fell by nearly 1,000 points in less than half an hour.
The reasons behind the so-called âflash crash' have yet to be conclusively explained but a new analysis of why the crash occurred is expected to be released by the SEC and Commodity Futures Trading Commission (CFTC) during the next few weeks.
Ms Schapiro told the news provider: âI think they will feel confident, and they'll feel confident that the SEC and the CFTC staffs have a very deep understanding of the markets as a result of this inquiry, and that we have some ideas on how to go forward.â
She added that the report should provide the basis for a new set of rules on how to manage a similar scenario if it ever occurs again in the future.
Circuit breaker technology was subsequently introduced to the markets by the SEC to prevent trades going ahead when stocks fluctuates by ten per cent or more in value.
By Jim Ottewill