NY AG Wants To Crack Down On High-Speed Trading

Law360, New York (March 18, 2014, 2:50 PM EDT) -- New York Attorney General Eric T. Schneiderman on Tuesday said he wants to crack down on alleged predatory practices in the high-frequency trading industry, calling for regulations and reforms intended to eliminate the advantages conferred on split-second traders.

In a statement on Tuesday, Schneiderman said services offered to high-speed traders by trading venues — such as ultrafast Internet connections and high-speed switches — carry advantages that can distort financial markets and should be more highly regulated.

“Rather than curbing the worst threats posed by high-frequency traders, our...
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