sec to create large trader reporting system

Released 15 April 2010.

The United States Securities and Exchange Commission (SEC) has voted to create a large trader reporting system.

http://www.automatedtrader.net/news/automated-trading-news/37455/sec-votes-to-propose-large-trader-reporting-system

One small step by the USA SEC in the right direction.

A large trader reporting system would:

- Identify large market participants
- Collect information on their trades
- Assign them a unique trackable number
- Analyze their trading activity
- Ban on marketable flash orders
- Transparency for dark pools of liquidity
- Prohibit unfiltered access to markets
and other controls....

The United States government has begun to recognize
that Algorithmic trading needs to be controlled,
why else are they recommending these changes,
even though the changes hardly go far enough.

It is now becoming an issue in the USA finally, enough to warrant some government intervention, activity that our politicians should become aware of.

Gw

There are two things I know of that are infinite; the universe, and human stupidity. And I am not sure about the universe.
(Albert Einstein)