Commentary: Exchanges are best positioned to regulate HFT

09/11/2012 |

The government should leave the regulation of high-frequency trading to the exchanges, finance professor Craig Pirrong writes. Bourses that fail to clamp down on predatory trading will lose business, Pirrong writes, giving them strong incentives to do so. In addition, the exchanges have access to information and a variety of tools to discourage excessive trading, he writes.

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