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…..