High-Frequency Traders Face Speed Limits

High-freq traders are facing "speed limits" for the first time on a major trading platform, under a proposal that is being touted as a template for a regulatory clampdown on computer-driven activity, CNBC reports. . EBS, one of the two dominant trading platforms in the foreign exchange market, is suggesting scrapping the principle of "first in, first out" trading, which it says gives an unfair advantage to the fastest computers and has led to an arms race of spending on technology…..

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