The SEC's Schapiro confirms the agency is looking into "quote stuffing" (previously) and says...


The SEC's Schapiro confirms the agency is looking into "quote stuffing" (previously) and says the SEC is considering requiring traders to hold orders open for minimum periods. Her comments signal more broadly that high-frequency traders will face new curbs in the aftermath of May's flash crash.

Comments (6)
  • D. McHattie
    , contributor
    Comments (1844) | Send Message
     
    Oh, whatever will happen to our way of life without the 'liquidity' of high frequency traders??
    /sarcasm
    8 Sep 2010, 07:45 AM Reply Like
  • Art Trader
    , contributor
    Comments (120) | Send Message
     
    What will be the penalty of not holding an order open for the minimum period DURING a flash crash? Probably less $ than the potential losses. Let the new era of HFT crashes ensue.
    8 Sep 2010, 08:03 AM Reply Like
  • youngman442002
    , contributor
    Comments (5123) | Send Message
     
    Why were they allowed in the first place....sounds like a scam to me right off the bat..a way to rig the markets...
    8 Sep 2010, 08:32 AM Reply Like
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
     
    shut down HFT. period.
    8 Sep 2010, 08:36 AM Reply Like
  • Anjum
    , contributor
    Comments (77) | Send Message
     
    Actually, the idea of minimum period can work ... once the order is placed, the cancellation of the same should automatically become unavailable for the specified period of time. Penalties/Fines have never worked, and never will.
    8 Sep 2010, 09:05 AM Reply Like
  • Art Trader
    , contributor
    Comments (120) | Send Message
     
    What's next, no fill-or-kill?
    8 Sep 2010, 09:18 AM Reply Like
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