Monday, June 09, 2014

WALL STREET - New Rules for High-Frequency Trading?

"SEC seeks to rein in unfair practices of high-frequency trading" PBS NewsHour 6/5/2014

Excerpt

JUDY WOODRUFF (Newshour):  ...... A federal agency is proposing new rules for financial markets to help them address changes in the way the majority of trading takes place today, dizzying changes in technology and a lessening of transparency.

There’s been mounting concern among some experts in particular about computer-driven high-frequency trading after a one-day market crash in 2010 and a recent high-profile book on the subject.

Mary Jo White, who is the chair of the Securities and Exchange Commission, laid out new proposals to regulate the market during a speech today.

Reporter Keri Geiger of Bloomberg News is here to fill us in.

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