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Compliance

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Ivy Schmerken
Ivy Schmerken
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NY Attorney General Stirs Debate on HFT Perks

Attorney General Eric Schneiderman's office turns up the heat on high-frequency traders and their "unfair" advantages. Traders are fighting back.
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But evicting high-speed traders from exchange data centers is a futile task, according to Mark Gorton, who is managing director of New York-based hedge fund Tower Research and Lime Wire, a music sharing service.

Gorton told Bloomberg that they will "find space in a data center that's across the street."

 

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio

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Stressed Out by Compliance, Reputational Damage & Fines?
Stressed Out by Compliance, Reputational Damage & Fines?
Financial services executives are living in a "regulatory pressure cooker." Here's how executives are preparing for the new compliance requirements.