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NYSE boss:high freq trading safe
THE head of the New York Stock Exchange said that it was not necessary to bring more oversight to high frequency trading, a split-second stock trading strategy that has come under increasing scrutiny.
The US Securities and Exchange Commission recently said it was reviewing high frequency trading.
“I frankly hope the SEC does not do much,” said Duncan Niederauer, the chief executive of the New York Stock Exchange parent NYSE Euronext.
“I am certainly not under the impression that there is anything nefarious going on,” he added.