The SEC announces plans to rein in stock trading bots

The head of the SEC, Mary Jo White, has announced a broad set of new initiatives and proposed regulations that are aimed at giving the agency a tighter grip on the high-frequency trading (HFT) firms which have come to dominate daily activity on the stock market. According to a report in the Wall Street Journal, if the new rules are passed, HFT shops would be regulated like public broker dealers, even though most are private enterprises trading their own money, not representing clients. The SEC has also proposed new rules that would try and put a stop to some of the HFT tactics which have roiled the markets, causing so-called “flash crashes.”

Continue reading…

The Verge – All Posts

Leave a Comment