Thursday, June 21, 2012

Speed Trading Hearing Hits a Bump

From the WSJ: Conflict erupted among some of Wall Street's heaviest hitters over a proposed definition of high-frequency trading, showing rifts that divide big investment firms from the high-octane companies that specialize in the electronic trading.

The dispute, at a government-sponsored hearing Wednesday, underlines the bitter debate over the role played by high-frequency trading in modern-day markets. It also shows the challenges regulators face in trying to police a rapidly evolving securities industry. Critics have blamed complex trading strategies and computer glitches for driving small investors out of the market.

Regulators and industry officials gathered to discuss the proposed 58-word definition of high-frequency ...

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