New York to Investigate High Frequency Trading

March 18, 2014 Share Print 0

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.

via CNBC

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.

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.