The SEC has already proposed a number of changes designed to address their growing influence, including extra restrictions on broker-dealers that provide direct market access to high frequency traders, a trader tracking system for large traders, circuit breakers that would slow trading in individual stocks if they fall more than 10%, and new rules for off-exchange trading venues.
The SEC is proposing a ban on flash trading along with other issues grabbing headlines, like direct market access for high-frequency traders.
The problem, Mr. Lauer says, is that ETF firms at times give high-frequency traders access to the inner mechanics of how the ETFs operate.
In 1999 I moved to Florida to start another hedge fund and opened a brokerage firm catering to big traders and institutions looking for direct access trading of their high frequency algorithms, which is what my funds specialized in.
Down the road, Salinas hopes to use the wireless frequency to provide Internet access and e-commerce.
It installed 33 RangeLAN 2 series radio frequency transceivers, or access devices, in the drop ceilings above classrooms, the cafeteria and the library.
That, they say, gives them access to more telling, high-frequency waves that say a lot more about cognitive intentions.
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Tiring of the Big Apple, Gilani moved to Florida in 1999 and started another hedge fund and opened a brokerage firm focused on direct access trading of what would soon morph into high frequency algorithms, many of which he designed and still uses.
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The issue becomes just the latest in a long list of issues the SEC is examining regarding the current U.S. market structure, right up there with high frequency trading, dark pools, flash trading, market access, and trade tracking and reporting.
The need for the SEC to have better access to information is heightened by the fact that large traders, including high-frequency traders, are believed to be playing an increasingly prominent role in the securities markets.
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The SEC wants to ban certain activities involving high frequency trading firms, including certain types of trading orders and certain ways they can access NYSE and other market centers.
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