New York’s top law enforcer Eric Schneiderman is investigating
U.S. stock exchanges and extra trading venues to analyze whether they give
undue advantages to high-frequency traders.
The workplace of the Attorney General is testing the
services and product sales that offer quick access and high quality information
on trades than what is normally accessible to the public.
“My office is going to carry on to shine a light on unseemly
practices in quick trading. I look ahead to joining with other regulators and
my colleagues in government in taking genuine, concrete steps to deal with this
complexity,” said Schneiderman in a speech at New York Law School on Tuesday.
The legal representative General’s office held talks on
these concerns with top officials of the NASDAQ (national association of securities dealers automated quote) and New
York Exchange and appealed for more information.
The stock exchanges are the new groups to join the scrutiny of
Schneiderman's campaign so as to make sure there is a level playing field for
all investors.
Money Market Manthan Financial Services
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