CFTC Moves Toward High-Frequency Trading Regulation

Law360, New York (June 20, 2012, 2:02 PM EDT) -- Futures regulators met Wednesday in Washington to discuss the definition of "high-frequency trading" that will be used to craft new rules governing the trading, which has been blamed for the May 2010 "flash crash" and other market mishaps.

A working group within the Commodity Futures Trading Commission is proposing a broad definition of high-frequency trading that would encompass the wide range of activities that could fit within the label. Some industry groups had asked the commission for a narrower definition.

Commissioner Scott D. O'Malia, who heads...
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