NY State Attorney General Eric Schneiderman could regulate with ‘speed bumps’ for HFT to close gaps on colo servers to front running orders
This was an interview on Bloombertg TV
He said there is a coordination between New Jersey and the SEC but said that the federal regulators sounded like they support opaque rules. His goal is bring back confidence for the retail traders and regular investors. That sounds reasonable.
Martin Act to be used For 1920s for HFT regulation. It is the equivalent of inside trading v2.0.
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