Up for Grabs
Bulge Bracket Hungry for HFT Business in Wake of New SEC Market Access Rule
Traders Magazine, August 2011
High-frequency traders' order flow is being wooed by the largest firms on Wall Street like never before. It all started last November when the Securities and Exchange Commission approved a new sponsored-access rule to rein in so-called "naked access," which regulators feared if left unchecked could cause a catastrophe similar to last year's "flash crash."
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