NY Attorney General Sends Subpoenas To High Frequency Traders

Mark Melin

Published onApril 16, 2014

Updated on May 13, 2021

In perhaps the most public investigation on Wall Street in recent memory, Bloomberg News is reporting that New York Attorney General Eric Schneiderman has sent subpoenas to six high frequency trading firms.

Six firms receive subpoenas, including two in Chicago, one in New York

Among the six firms are said to be two Chicago firms, Chopper Trading LLC and Jump Trading LLC, and one New York firm, Tower Research, according to the report. The firms did not provide comment. Interestingly, the subpoenas seek to determine if special arrangements exist between the...

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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.

NY Attorney General Sends Subpoenas To High Frequency Traders

Six firms receive subpoenas, including two in Chicago, one in New York

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