High-Frequency Trading Needs Speed Limit, Experts Tell Senate

Law360, New York (September 20, 2012, 5:24 PM EDT) -- Two equities market experts told the Senate banking committee Thursday that the controversial high frequency-trading market has become too fast and offers little to no benefit for everyday investors, with one saying that slowing down trading by mere milliseconds may improve market fairness.

Former high-speed trader David Lauer and T. Rowe Price Associates Inc. Vice President Andrew M. Brooks testified before a subcommittee of the U.S. Senate Committee on Banking, Housing and Urban Affairs, saying high-frequency trading came with little to no benefit to investors and...
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