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 £100K base, double OTELondon, UK
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