Jan
28

Japan’s Financial Watchdog Queries Brokerages on HFT, Dark Pools

By
  • Among regulator’s requests are sample order and trading data
  • High-speed firms account for half Tokyo Stock Exchange trading

Japan’s financial regulator is finally taking a hard look at high-frequency trading.

The Securities and Exchange Surveillance Commission began querying brokerages this week about the trading operations of their HFT clients, whose industry has enjoyed more than a half-decade of explosive growth in the nation with little regulatory guidance or scrutiny.

The financial watchdog is asking brokerages about the services they provide, including preferential treatment and differences in fees between HFT and non-HFT customers. The questionnaire dated Monday, obtained by Bloomberg News, also seeks to establish whether high-speed clients have access to dark pools and under what conditions. Brokers are asked to reply by Feb. 12…

Japan’s Financial Watchdog Queries Brokerages on HFT, Dark Pools

Share
Categories : Uncategorized

Leave a Reply

You must be logged in to post a comment.