U.K. and France hint at a crackdown on high-speed trading

11/29/2010 | Reuters

Officials from France and the U.K. have indicated that a crackdown on high-speed trading is to be expected after the May 6 "flash crash" in the U.S. Christine Lagarde, finance minister for France, said at a parliamentary commission hearing that a ban on such computerized trading might be needed under certain circumstances. "My natural tendency would be at least to regulate, to oversee it very strictly and after a cost-benefit analysis of these methods, maybe to forbid it," Lagarde said. "Or at least give market authorities the power to forbid it in circumstances that are considered exceptional."

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