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.
March 22, 2014


As part of his Insider Trading 2.0 investigation, Attorney General Eric Schneiderman is scrutinizing services like that offer high-speed traders the ability to profit from information before other investors see it.

Specifically, Schneiderman is probing HFT's access to more in-depth market data feeds, higher bandwidth, faster cable connections and colocation, a practice which allows Wall Street banks and high-speed traders to place their computer-driven strategies in data centers closer to the exchange's matching engines.

Firms pay thousands of dollars per month to install their algorithms in these data centers.

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