Commentary

Tim Quast
Traders Magazine Online News

We're All HFTs Now

In this guest commentary, author Tim Quast looks back at the history of HFT and how the market has evolved to where many firms now fit the definition of high-frequency trader.

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January 1, 2005

SEC Targets SROs For New Reforms

By Gregory Bresiger

Exchanges would have to maintain a separation between regulatory and market functions under proposed rules published by the Securities and Exchange Commission. Fines and fees would have to be devoted to regulatory purposes. The rules also mandate greater transparency. Exchanges would be required to post more information about their operations. Possibly, the most controversial part of the plan covers exchange ownership. [See Special Feature.]