abstract:Flash trading, otherwise known as a flash order, is defined by industry trade publication Traders Magazine as “a marketable order sent to a market center that is not quoting the industry's best price or that cannot fill that order in its entirety. The order is then flashed to recipients of the venue's proprietary data feed to see if any of those firms wants to take the other side of the order.
The Commission is working on regulation for short-selling, looking into dark pools and flashtrading and changing some of its staff members all at the same time.