New York attorney general Eric Schneiderman has called for tough regulations to tackle practices such as co-location, which he claims give high-frequency traders unfair advantages and distort the market.
"...ensure that price rather than technology-driven speed decides...". Well, there we go: HFT was one area where banks were clearly using technology to gain competitive advantage and now the regulators are threatening to put an end to that.
to $120K base, double OTE, benefitsNew York City, NY or Boston, MA (USA)
© Finextra Research 2015