Joe Saluzzi Welcomes SEC Probe Into High-Frequency Trading

As reported by CNBC, Word that the Securities and Exchange Commission was going to probe high-frequency trading was good news, Themis Trading’s Joe Saluzzisaid Friday.

“We’re excited to see regulators are taking this more seriously,” he said on “The Kudlow Report.”

“There’s over 13 stocks exchanges and 40 dark pools all competing for this high-frequency flow, so it’s this web of interconnected market centers held together by glue, which is called high-frequency trading ,” he said.

On a day when the BATS shut down tradingafter a single 100-share trade of Apple stock, The Wall Street Journal reported that the SEC would investigate rapid trading and the relationships between exchanges and high-frequency trading firms.

The probe, according to the Journal, was part of a broader examination into “less-transparent segments of the security markets.”

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