30 July 2016
Find out more

SEC considers electronic tagging of high-frequency traders - WSJ

07 April 2010  |  8266 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  |  9011 views  |  0 comments
Regulators fast-track global review of OTC derivatives clearing

Regulators fast-track global review of OTC derivatives clearing

02 February 2010  |  8168 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  |  7827 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  |  7991 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  |  10712 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  |  7868 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.abe-eba.euVisit capgemini.comFind out more

Top topics

Most viewed Most shared
Groupe BPCE agrees to buy FidorGroupe BPCE agrees to buy Fidor
7663 views comments | 32 tweets | 49 linkedin
Telefonica Germany launches Fidor-backed mobile banking serviceTelefonica Germany launches Fidor-backed m...
7046 views comments | 16 tweets | 22 linkedin
hands typing furiouslyManaging Big Data After Brexit
6631 views 0 | 6 tweets | 8 linkedin
hands typing furiouslyBank of Pikachu? What does Pokemon Go mean...
5639 views 0 | 10 tweets | 9 linkedin

Featured job

Find your next job