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Regulators Eye Exchange Technology [Wall Street Journal]

Mon, 30 Jan 2012 04:13:22 GMT - High Frequency Trading Review

By Jacob Bunge

The technology used by U.S. stock exchanges faces tougher scrutiny from regulators following several high-profile breakdowns over the past year that snarled trading, according to people familiar with the matter.

The Securities and Exchange Commission is drawing new standards for trading systems that would give the agency more powers to step in when problems occur. The vulnerability of U.S. stock trading to problems in increasingly interdependent electronic systems was highlighted by the May 2010 "flash crash," which sharpened the SEC's focus on technology.

Exchanges run by Nasdaq OMX Group Inc. and Direct Edge Holdings suffered big technology glitches over the ...

technology glitches, interdependent electronic systems, nasdaq omx group inc., direct edge holdings, securities and exchange commission, jacob bunge the technology, united states, economy of the united states, finance, business, omx, nasdaq, u.s. securities and exchange commission, financial industry regulatory authority

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