24 August 2016
Find out more

SEC considers electronic tagging of high-frequency traders - WSJ

07 April 2010  |  8298 views  |  0 biometrics eye

The US Securities and Exchange Commission is considering the electronic tagging of trades conducted by automated trading shops in an effort to keep tabs on the activities of high-frequency traders.

The plan would see the watchdog attach unique identifiers to traders that aren't registered market makers or broker-dealers, according to anonymous sources cited by the Wall Street Journal.

The agency is undertaking a cost-benefit analysis of the process, and is expected to move forward with a proposal in the near future, says the paper, citing "several people familiar with the process".

The tagged trading data, released a day after transactions were executed, would be available only to regulators, say the sources.

The initiative is the latest move in a global effort to re-write the rule book for a new era of high-speed automated trading.

Last week, the Committee of European Securities Regulators (CESR) kicked off a review of "technology driven" developments in European trading as part of the EU's revision of the Markets in Financial Services Directive (MiFID).

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

DTCC provides regulators greater access to CDS data

DTCC provides regulators greater access to CDS data

24 March 2010  |  9037 views  |  0 comments
Regulators fast-track global review of OTC derivatives clearing

Regulators fast-track global review of OTC derivatives clearing

02 February 2010  |  8191 views  |  0 comments
SEC sets sights on sponsored access and exchange co-location

SEC sets sights on sponsored access and exchange co-location

27 October 2009  |  7859 views  |  1 comments
Regulators call for substantial IT investment to combat risk deficiencies

Regulators call for substantial IT investment to combat risk deficiencies

22 October 2009  |  8010 views  |  0 comments
Europe braces for MiFID II as regulators assess market impact

Europe braces for MiFID II as regulators assess market impact

10 June 2009  |  10746 views  |  0 comments
CESR finds huge variation in fines for MiFID non-compliance

CESR finds huge variation in fines for MiFID non-compliance

17 February 2009  |  7897 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.abe-eba.euFind out moreVisit capgemini.com

Top topics

Most viewed Most shared
hands typing furiouslyBlockchain: what to expect for 2017?
7657 views 0 | 51 tweets | 42 linkedin
hands typing furiouslyBig Data's Three Big Trends in 2016
6475 views 3 | 22 tweets | 11 linkedin
Teenager avoids conviction for CommBank DDoS attackTeenager avoids conviction for CommBank DD...
5963 views comments | 2 tweets | 3 linkedin
Nordea looking for AI and blockchain breakthroughsNordea looking for AI and blockchain break...
5885 views comments | 17 tweets | 17 linkedin

Featured job

Find your next job