Last updated: September 09. 2013 2:42PM - 542 Views
Associated Press

Story Tools:

Font Size:

Social Media:

(AP) Federal regulators took a step toward stricter oversight of the high-speed trading market, putting forward a broad range of possible rules for public comment.

The Commodity Futures Trading Commission floated the potential restrictions less than a month after the Nasdaq exchange suffered a three-hour trading outage. The outage was the latest in a series of disruptions to stoke concerns about high-speed trading.

Among the ideas put forth by the CFTC: Requiring exchanges to routinely tests equipment at trading firms; develop training standards for individuals at firms who oversee the automated systems; have exchanges set maximum sizes for trading orders.

The public has 90 days to comment on the ideas. After that, the agency would likely begin drafting a more formal proposal.

Associated Press
All user comments are subject to our Terms of Service. Users may flag inappropriate comments.
comments powered by Disqus

Featured Businesses


Info Minute

Gas Prices

Wilkes-Barre Gas Prices provided by GasBuddy.com