HFT: NY Attorney General Launches Investigation Into Unfair Advantages

Mark Melin

Published onMarch 19, 2014

Updated on May 13, 2021

New York Attorney General Eric Schneiderman announced Tuesday a broad investigation into whether US exchanges and alternative venues such as dark pools provided high frequency trading firms unfair advantages. Not coincidentally the move comes nearly one week after the Commodity Futures Trading Commission launched an investigation into Virtu, the high frequency trading (HFT) firm that publically boasts a nearly 99.9999% win percentage on its trades and is planning an initial public offering.

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The two moves against the practice of HFT carry...

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Mark Melin

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

HFT: NY Attorney General Launches Investigation Into Unfair Advantages

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