8/27/2010

Scott O'Malia, a commissioner at the Commodity Futures Trading Commission, said a computer glitch at Infinium, a high-speed trading firm, highlights the need for improved enforcement of algorithmic and high-frequency trading. CME Group is looking into whether the problem at Infinium resulted in a spike in the price of oil. "We need to develop rules and regulations that are more appropriate to policing the high-speed nature of today's computer-aided trading styles," O'Malia said.

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