Amid increasing signs that high speed traders are getting early access to key market-moving information, New York Attorney General Eric Schneiderman is cracking down on what he calls ‘Insider Trading 2.0.”
“When blinding speed is coupled with early access to data, it gives small groups of traders the power to manipulate market movements in their own favor before anyone else knows what’s happening,” said Schneiderman at the Bloomberg Markets 50 Summit in New York Tuesday. “They suck the value out of market-moving information before it even goes public.”
via NY Attorney General blasts ‘Insider trading 2.0’ –CNNMoney
