SEC Once Slowed by Data Gap to Report High-Speed Trader Research
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The U.S. Securities and Exchange Commission will soon issue research from its new system for monitoring markets, including a look at practices that some blame for giving high-speed traders an unfair edge.
The reports will use data from the SEC’s Midas market-surveillance system, according to two people briefed on the plans. The findings could help inform whether new regulations are needed to address strategies such as canceling a high percentage of orders, said the people, who asked not to be identified because the plan isn’t ready to be announced.