High-Frequency Trading Needs Tighter Control for Speed Traders, AMF’s Jouyet Says

Regulators may need to develop “circuit-breakers” that halt speed traders running high-frequency trading strategies like those that exacerbated a stock market plunge a year ago, said the head of France’s financial markets regulator.

The measure, “rather like a pilot switching from autopilot to manual mode when he needs to take control, is necessary in my view, in the same way as what has been decided for high-frequency trading in the United States,” Jean-Pierre Jouyet, chairman of Autorite des Marches Financiers, said in a speech in front of traders and investors at the International Capital Market Association annual conference in Paris today.

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