The head of the BlackRock product team for exchange-traded funds in the United States urged the Securities and Exchange Commission and Commodity Futures Trading Commission to establish circuit breakers across all exchanges that were uniform for both stocks and ETFs.

Noel Archard, a managing director at investment adviser BlackRock in charge of its iShares ETF business, told a joint advisory committee of the SEC and CFTC that is addressing issues raised by the May 6 Flash Crash that reforms should include:

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