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U.S. SEC targets 10 firms in high frequency trading probe: SEC document

HedgeWorld – The U.S. Securities and Exchange Commission has been seeking information on 10 registered broker dealers as part of an ongoing investigation into high-frequency trading strategies, according to an internal SEC document reviewed by Reuters.

The firms listed are Allston Trading LLC; Hudson River Trading LLC; Jump Trading LLC; Latour Trading LLC, which is an affiliate of Tower Trading; Merrill Lynch, Pierce, Fenner & Smith, owned by Bank of America Group; Octeg LLC, which has been merged into a unit of KCG Holdings Inc.; Tradebot Systems Inc.; Two Sigma Investments LLC; Two Sigma Securities LLC; and Virtu Financial.

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