CME Warns Against Restricting High-speed Trading
May 12, 2010 at 00:25 AM EDT
Terry Duffy, the top executive of the CME Group Inc. (CME) said late Tuesday that any proposal the Commodity Futures Trading Commission [CFTC] may develop to deal with high-frequency trading [HFT] — a market trading strategy that allows financial firms to use recursive computational procedures to make markets and extract fractions of profits from tiny market imbalances [...]