Financial Regulatory Forum

Book by high-profile author Lewis may spur high-frequency-trading reform push, success unclear

By Guest Contributor
April 2, 2014

By Emmanuel Olaoye, Compliance Complete

WASHINGTON/NEW YORK, Apr. 2, 2014 (Thomson Reuters Accelus) -¬†During a clip on Sunday night’s “60 Minutes” program, host Steve Kroft asked bestselling author Michael Lewis why he was so opposed to high frequency trading.

Europe exchanges’ pre-trade safety seen at risk

By Reuters Staff
May 10, 2010

By Jane Baird

LONDON, May 7 (Reuters) – The safety systems of Europe’s stock exchanges are at risk of being eroded by market pressures and experts say regulators need to act to head off a computer-driven tailspin like the one that hit U.S. stocks on Thursday.

BREAKINGVIEWS-Market turmoil recalls 1987′s electric nightmare

By Reuters Staff
May 7, 2010

– The author is a Reuters Breakingviews columnist. The opinions expressed are his own –

Goldman Sachs tells U.S. SEC “dark pools” help investors

October 27, 2009

Oct 27 (Reuters) – Anonymous trading venues known as “dark pools” are a technological evolution that have benefitted both institutional and retail trading by bringing down transaction costs, Goldman Sachs Group Inc said in a memo to the U.S. Securities and Exchange Commission.

US SEC seeks to curb “naked access,” expose fast trades

By Reuters Staff
October 27, 2009

U.S. Securities and Exchange Commission Chairman Mary Schapiro testifies before the Senate Banking Committee on Capitol Hill in Washington, June 22, 2009.  (File Photo)  REUTERS/Jim Young    (UNITED STATES POLITICS BUSINESS)  By Elinor Comlay
NEW YORK, Oct 27 (Reuters) – The top U.S. securities regulator said she was looking for ways to crack down on “naked access,” the practice of brokers giving high-frequency traders unfettered access to public markets.

British regulator launches equities review, dark pools a focus – report

By Reuters Staff
August 4, 2009

LONDON, Aug 3 (Reuters) – Britain’s Financial Services Authority (FSA) has launched a wide-ranging review of UK equity markets, covering aspects such as high-frequency trading and so-called “dark pools,” the Financial Times reported. (more…)

U.S. bill would restrict OTC derivatives holdings

July 30, 2009

USA/ By Charles Abbott and Rachelle Younglai
WASHINGTON, July 30 (Reuters) – U.S. financial regulators would gain the power to restrict holdings of over-the-counter derivatives under legislation to be crafted in the coming months, the chairmen of two House of Representatives committees said on Thursday.

Two US House chairmen back mandatory OTC clearing in derivatives reform goals

By Reuters Staff
July 30, 2009

WASHINGTON, July 29 (Reuters) – Over-the-counter derivatives should go through central clearing and trade on regulated exchanges as much as possible, according to a paper prepared for release by the chairmen of the U.S. House of Representatives Financial Services and Agriculture committees. The paper, obtained by Reuters, is to be unveiled Thursday and is intended as a guide for legislation to be written after Congress returns from its August recess.

Sen. Schumer warns U.S. SEC on “flash” stock orders

By Reuters Staff
July 25, 2009

By Jonathan Spicer

NEW YORK, July 24 (Reuters) – U.S. Senator Charles Schumer warned a top regulator on Friday that if she does not ban so-called “flashes” — orders that stock exchanges send to a select group of traders before revealing them to the wider market — he will introduce legislation that does. (more…)