N.Y. Watchdog Suggests High-Frequency Traders Take A Long Look In The Mirror

Chad Johnson, head of New York’s Investor Protection Bureau, told a conference today that while Attorney General Eric Schneiderman examines trading practices, Wall Street should help by suggesting ways to change for the better. It would be a mistake to think concerns about stock-market fairness are just bad publicity or extreme language used by critics, he said…He welcomed moves by some dark pools to make certain regulatory filings public. He said he hopes high-frequency trading firms and dark-pool operators “will engage in some soul-searching and step forward with ideas about how certain practices ought to be curtailed and reformed for the better.” [Bloomberg]

(hidden for your protection)
Show all comments

5 Responses to “N.Y. Watchdog Suggests High-Frequency Traders Take A Long Look In The Mirror”

  1. guest says:

    well you don't have to be so mean about it!
    -high frequency trader with feelings

  2. Xenomorph says:

    We'll take them

    – Glencore and others

  3. Guest says:

    soul searching? either they are going to allow front running or they are not. there's no soul searching there. further, dark pools just follow the rules. if the rules allow them to spoof and trade ahead at the peril of the investor, then tighten the rules to stop it. it's not the pool or hft's fault.

  4. M Jackson says: