August 4, 2009
SEC is Looking at Flash Trading
Senator Charles Schumer said that SEC Chairman Schapiro had promised him that the agency would ban flash trading, and Ms. Schapiro made a statement that the SEC may curb the practice to eliminate inequities. She also said that the agency was looking at flash trading (routing trades through private liquidity pools before sending them to exchanges) as part of a broader examination of dark pools and high-frequency trading. WSJ, SEC to Explore Changes in Flash Trading.
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