SEC hopes for Midas touch from HFT surveillance system

SEC hopes for Midas touch from HFT surveillance system

Less than a year after announcing that it intended to create a new market surveillance system – and six months after going live with it – the US Securities and Exchange Commission says that its cloud-based approach is paying dividends and allowing it to examine the structures of the markets it supervises at a greater level of granularity than ever before.

Midas – the Market Information Data Analytics System – is based on High Frequency Trading software from Tradeworx and allows the US regulator to perform what Gregg Berman, associate director of the SEC’s Office of Analytics and Research, calls “full depth of book analysis”.

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One Response to SEC hopes for Midas touch from HFT surveillance system

  1. Pingback: SEC hopes for Midas touch from HFT surveillance system

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