SEC’s Hired Gun on High-Frequency Trading Gets Permanent Role

According to Bloomberg’s Dave Michaels, the U.S. Securities and Exchange Commission has promoted its computer-trading specialist, boosting his office’s effort to scrutinize rapid-fire trading’s impact on equity markets.

Gregg E. Berman, who holds a doctorate in physics from Princeton University, was named today as associate director of the SEC’s new office of analytics and research. Berman had been working at the agency on a temporary appointment to improve the SEC’s monitoring of electronic trading, and his contract would have expired in October.

“Though the markets may be complex, they are not impenetrable, and I am confident in our abilities to continue developing data-driven analyses to inform policy,” Berman said in a statement.

Under Berman, the SEC has started using a system, dubbed Midas, to collect trading data generated by exchange companies such as NYSE Euronext (NYX) and CBOE Holdings Inc. (CBOE) The system gives the SEC access to the same data acquired by banks and high- frequency traders.

Read More 

This entry was posted in Equity Markets, Finance, High Frequency Trading, SEC, Wall Street and tagged , , , , , , , . Bookmark the permalink.

One Response to SEC’s Hired Gun on High-Frequency Trading Gets Permanent Role

  1. Pingback: SEC’s Hired Gun on High-Frequency Trading Gets Permanent Role

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s