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.
Competitive (including base, OTE, benefits)London, UK
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