High-Speed Trading in the Wall Street Journal: Traders See SEC Speed Trap

Investors and regulators blame high-speed traders and computer-driven exchanges for causing problems in the stock market, but some traders are saying the real culprit is the market’s own rules.

The Securities and Exchange Commission instituted a broad set of rules in 2007 to direct buy and sell orders among stock exchanges. Since then, high-frequency traders along with exchanges have profited from loopholes in the rule, according to Blair Hull, founder of the Chicago investment firm Ketchum Trading LLC and investment firm Matlock Capital LLC.

To read the full article by author Scott Patterson click here.

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