Friday, September 16, 2011

9/16/2011 - High-Frequency Firms May Face Tougher EU Market-Abuse Rules


High-Frequency Firms May Face Tougher EU Market-Abuse Rules


September 13, 2
By Jim Brunsden
(Updates with estimated scale of market abuse in the EU in 13th paragraph.)
Sept. 13 (Bloomberg) -- The European Union is considering listing “specific examples of strategies using algorithmic trading and high-frequency trading” that should be banned and punished by regulators as market manipulation.
The measures to increase investor protection and reduce volatility are part of plans to clamp down on market abuse in the region, according to a draft of the proposals obtained by Bloomberg News.

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