Indiana Grain Company, LLC


SIGN IN   |   REGISTER
Flash 9.0 required

Post Comments


captcha

Image Verification

Comments:

Regulators Propose Ban on Flash Trading


Posted: 09/18/09

By: tomgrisafi

1847

U.S. securities regulators proposed a ban on flash orders that stock exchanges send to a select group of traders, fractions of a second before revealing them publicly.

The Securities and Exchange Commission is seeking to end the practice criticized for giving an unfair advantage to some market participants who have lightning-fast computer trading software.

The SEC will put its proposal out for public comment for 60 days, and will later schedule a meeting to decide whether to adopt the proposal.

The agency said it will seek feedback on on the cost and benefits of the proposed ban, and whether the use of flash orders in options markets should be evaluated differently from those in equity markets.

The agency also tightened rules on credit rating agencies by imposing more disclosure requirements and encouraging unsolicited ratings. Those moves, and others proposed by the SEC, took aim at an industry widely criticized as having fueled the financial crisis through over-generous ratings assigned to toxic mortgage-backed securities.

Source: Reuters, CNBC

  • Post Regulators Propose Ban on Flash Trading to Twitter
  • Post Regulators Propose Ban on Flash Trading to Facebook
  • Print
  • Share with a Friend

0 Comments

Be the first to comment on this blog!

Advertisers


Flash 9.0 required

 

Advertise your company today at IndianaGrain.com! Contact us now for more information.

Copyright © 2010 Indiana Grain LLC, All Rights Reserved.
Disclaimer