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New York AG seeks curbs on high-frequency traders

Reuters – New York’s attorney general urged U.S. stock exchanges and other venues on Tuesday [March 18] to limit services that he said provided unfair advantages to high-frequency traders and undermined confidence in the markets.

The stock exchanges allow traders to locate their computer servers within trading venues, armed with extra network bandwidth and high-speed switches that give them access to pricing, volume and order information ahead of others, New York Attorney General Eric Schneiderman said.

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