EU lawmaker wants tighter controls for high-frequency traders

03/27/2012 | Reuters

A European Parliament report recommends that a crackdown on high-frequency traders be even tougher than proposed in draft law. Markus Ferber, a German member of Parliament, said that in addition to tougher rules on algorithmic trading, direct electronic access to markets should be banned. Ferber also wants position limits for all commodity-derivatives platforms.

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