NYSE Urges Straight Talk on High-Speed Trading

 High-Frequency Trading Leaders Forum 2011   How Speed Traders Leverage Cutting-Edge Strategies in the Post-Flash Crash World

High-Frequency Trading Leaders Forum 2011

As reported by Reuters’ Jonathan Spicer, NYSE Euronext’s chief operating officer waded into the debate over rapid-fire, electronic trading with a call on Monday for regulators to say definitively whether there are problems — and put a stop to the controversy.

U.S. and European regulators have warned for at least two years that they could slap new restrictions on hedge funds, banks and proprietary firms that use high-frequency trading (HFT) to send high order volumes and execute short-term trades to make markets or capitalize on price imbalances.

The May 2010 “flash crash” amplified calls from some investors and politicians for a crackdown, though a regulator report said HFT did not spark the crash. HFT was in the crosshairs again in August when markets globally sold off, punctuated by swift and volatile swings.

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