New York Attorney General Eric Schneiderman is investigating whether U.S. stock exchanges and alternative trading venues provide improper advantages to high-frequency traders, Bloomberg reported, citing a person with direct knowledge of the matter.
Schneiderman’s office is examining the sale of products and services that offer faster access to data and richer information on trades than what is typically available to the public, the report said.
The attorney general’s staff has discussed his concerns with executives of the Nasdaq and the New York Stock Exchange and requested more information, the report said.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.