SEC takes look at high-speed trading

As reported by Chicago Breaking Business: The U.S. securities watchdog is looking at whether some high-frequency trading firms have used their close links to computerized stock exchanges to gain an unfair advantage over other investors, the Wall Street Journal said.

The Securities and Exchange Commission is focusing on computer-driven trading platforms of exchanges, including BATS Global Markets Inc., the paper said, citing people familiar with matter.
Specificially, it will examine whether firms collude to limit competition or manipulate markets, it quoted a person with knowledge of the matter as saying.

Regulators have sent letters to a number of high-speed firms requesting information about their trading activities and communications with exchanges, the paper said, adding that the probe is still in its early stages and there is no suggestion of wrongdoing by trading firms or exchanges.

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