Commentary

John D'Antona Jr.
Traders Magazine Online News

The End of an Era?

Has the day of the high-frequency trader and his hyper fast strategies seen its last days? Or will he evolve into something else and live to trade another day?

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Are you in favor of a pilot program and examination of the rebate system by the SEC?




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January 1, 2002

Stop the Spoofing'

By Gregory Bresiger

Spoofers beware. The regulators are going to be looking into this shady practice over the next few months.

The Securities and Exchange Commission is starting to clamp down on spoofing, which is described by regulators as placing a Nasdaq order and then withdrawing the order after it has succeeded in changing the price.

The SEC recently fined several individuals for spoofing. SEC officials said they are going after the violators. They warn that spoofing often takes the form of "defrauding" market makers [see Washington Opinion].