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Dr. James Angel, associate finance professor at Georgetown, noted that 70% of the trades canceled on May 6 were from exchange-traded funds.
FORBES: Liquidnet CEO Breaks Down The Flash Crash
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Mr Zedillo this week named Jose Angel Gurria, his finance minister, to head the outgoing government's transition team.
ECONOMIST: Happy birthday, Se?or Fox
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They also found an unlikely angel investor to help finance them: the father of a high-school student that had tried out their checker.
FORBES: Look Out Microsoft, Here Comes Zhang Yichi And A New Generation Of Chinese Entrepreneurs
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But May 6 could happen again and the SEC needs to be prepared, according to James Angel, a Georgetown finance professor who has been warning about the possible negative effects high frequency trading since last year.
FORBES: High Frequency Traders Face SEC/CFTC Panel
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Dr. JAMES ANGEL (Associate Professor of Finance, Georgetown University): I have enormous respect for Mary Schapiro.
NPR: Obama Names SEC Pick
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James Angel, associate professor of finance at Georgetown University, notes that Schapiro has held key posts in both agencies.
NPR: Obama Names SEC Pick
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Some academics, including Georgetown finance professor James Angel, have been sounding alarms about potential glitches caused by the highly fragmented markets for more than a year.
FORBES: SEC Sets 6-Month Test of Stock Circuit Breakers
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Everyone, it seems, was an angel or an expert in venture finance.
FORBES: Market Fads and Themes from 1996 through 2010
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The original start-up dream was to work like crazy, bring in angel investors and venture capitalists to productise the new technology and finance growth, before exiting a sizeable company via an initial public offering (IPO) or trade sale.
BBC: Viewpoint: The start-up fuelled path to recovery
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Indeed, securing angel funding can be difficult just 5% of start-ups seeking angel funding succeed at getting it, according to John Paglia, associate professor of finance at Pepperdine University in Malibu, Calif.
WSJ: Angel Investors Can Help Fund Your Next Step