The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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From: Les H	7/31/2009 10:25:00 AM
	Read Replies (2) of 306849

SEC unlikely to do squat on HFTs and flash orders The U.S. Securities and Exchange Commission is examining so-called flash orders to ensure equity markets aren’t putting investors at a disadvantage by giving some brokerages advance knowledge about trades. “The SEC staff is specifically examining flash orders to ensure best execution and fair access to information for all investors,” John Nester, a spokesman for the regulator, said today. ... The review appears unlikely to lead the SEC to impose curbs on other forms of high-speed trading, NYSE Euronext Chief Executive Officer Duncan Niederauer said today, citing discussions with regulators. NYSE Euronext, the world’s largest owner of stock exchanges, told the SEC in May that flash orders result in most investors getting worse prices. “I don’t think there is any fear of them doing something that would severely damage the displayed liquidity on U.S. equity markets,” he said today in a conference call with analysts to discuss the New York-based company’s second-quarter results. “High-frequency trading is actually the most consistent source of liquidity.” bloomberg.com

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