SEC considers new rules on high-frequency traders

09/7/2010 | Bloomberg · Wall Street Journal, The

Mary Schapiro, chairman of the Securities and Exchange Commission, said the agency is considering new rules for high-frequency traders amid concerns that they may have triggers the May 6 flash crash. Schapiro said the SEC is looking into whether such traders should be obligated to make trades to preserve liquidity. "Some could argue that May 6 was an aberration -- another perfect storm -- and now that it has passed markets have naturally adapted leaving no need for a comprehensive review of our market structure," Schapiro said. "I disagree."

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Bloomberg · Wall Street Journal, The

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