SEC looks into relationships between HFT and exchanges

04/4/2012 | Wall Street Journal, The

The Securities and Exchange Commission is investigating the relationship between exchanges and high-frequency traders, according to Daniel Hawke, head of the agency's market-abuse enforcement unit. "We're interested in understanding the ownership structure and history [of the firms]. ... How the firm got started, who was behind it and who wrote the [computer] code that might be at issue," Hawke said.

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