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    SEC probes exchanges and electronic trading firms ties

    Reuters – Sat, Feb 25, 2012 6:08 PM EST

    (Reuters) - The U.S. Securities and Exchange Commission has launched a probe into the ties between stock exchanges and certain electronic trading firms, the Wall Street Journal reported on Saturday, citing people familiar with the matter.

    BATS Global Markets Inc, a U.S. exchange operator that is planning an initial public offering, said in a government filing cited by the Journal that it got a request from the U.S. regulator's enforcement division for information on the use of order types and its communications with certain market participants.

    The SEC also asked BATS for details about its information technology systems and trading strategies, the filing said.

    The inquiry also was examining communications BATS has with certain members affiliated with certain stockholders and directors, the paper reported.

    (Reporting By Debra Sherman in Chicago; Editing by Eric Beech)

    See all articles from Reuters
     

    2 comments

    • TallDudeRetired
      TallDudeRetired  •  2 months ago
      The SEC is showboating in the press because the FINANCIAL NOOSE of SECURITIES TRADING is being tightened alright but it is starting in Europe and not the US. The European countries are starting to throttle the High Frequency Traders (aka HFTs) and now the SEC is trying to catch up. The HFTs are known as having INSIDER TRADING ADVANTAGE and even the US hedge funds are fuming over the inept and incompetent SEC not putting a stop to it. The SEC was made inept and imcompetent for the GOP/KKK/TEA PARTY.
      • Steve
        Steve 2 months ago
        Bull. The SEC has always been nothing but window-dressing.
      • yeswecan't
        yeswecan't 2 months ago
        Your right about the HFT's but you are absolutely wrong about the SEC being made inept by the GOP. That was a very ignorant comment. Obama has been responsible for them throughout the meat of this whole crisis. Most of the attorneys who work for the SEC are east coast liberals....and yes many of them are Jewish suporters of Obama.
    • fiasco
      fiasco  •  2 months ago
      Wall Street == house of satan.
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