Waddell & Reed E-Mini Trades Said to Help Trigger May 6 Crash - Bloomberg

Waddell & Reed E-Mini Trades Said to Help Trigger May 6 Crash - Bloomberg: "Waddell & Reed’s selling of the E-mini futures was part of a normal hedging strategy, according to a report from the Securities and Exchange Commission and Commodity Futures Trading Commission that may be released as soon as today, said the people, who declined to be identified before the findings are made public. The Overland Park, Kansas-based company didn’t attempt to do anything nefarious, and its actions may not have prompted a retreat had there not been other concerns in the market, such as the European debt crisis, the people said."