Congressman Lobbies SEC for HFT Crackdown
The letter, which was sent on Friday January 18, tells SEC Chairman Elisse Walter and former Chairman Mary Schapiro that HFT has been responsible for increased volatility within US equity markets, which is discouraging individual investors.
Markey argues that HFT had a hand in recent market events such as the Flash Crash, BATS's botched initial public offering (IPO), and the near-collapse of Knight Capital last summer, while he also blames earlier forms of computerized trading for the stock
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