SEC Mulls Fees As Buffer To High-Frequency Trading

Law360, New York (February 22, 2012, 11:13 PM EST) -- The head of the U.S. Securities and Exchange Commission reportedly said Wednesday that the agency is looking to crack down on high-frequency traders and may charge fees for canceled buy and sell orders.

SEC Chairwoman Mary Schapiro said she is worried by high-frequency traders and is considering various ways to curb them, including charging fees for canceled trades — which make up 90 percent of all orders — and requiring traders to keep competitive buy and sell orders throughout the trading day, according to the Wall...
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