EU will work with US on high-frequency rules, Barnier says

10/13/2010 | Reuters · Bloomberg

Michel Barnier, internal-market commissioner for the EU, said the European Commission will work with its counterparts in the US to develop rules for high-frequency trading. "High-frequency trading requires more supervision at this juncture given the risks of how quickly the business evolves," he said. "I intend to work in conjunction with the US." Barnier also touched on "excessive speculation" in the derivatives market, noting that the commission will make specific proposals next month. Barnier's comments offered some insight into the commission's next moves regarding the Markets in Financial Instruments Directive.

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