25.06.2013 - Regulator seeks inquiry of super-fast trading
Traders using super high-speed computers executed as many as 500 trades per second at the daily openings and closings of commodity markets during the past year, a federal regulator said Monday in a call for expanded examination of the trading tactic. Speaking at an electronic-trading conference in Chicago, Bart Chilton, a commissioner on the Commodity Futures Trading Commission, said the high-frequency traders may be conducting so-called "wash" trades. Traders buy and sell securities almost simultaneously in a no-risk transaction that makes it appears as though there's more market action than there really is...............................................Full Article: Source
Print