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The article reports that stock-exchange operator BATS Global Markets Inc. and the U.S. Securities and Exchange Commission (SEC) are close to settling for up to $13 million charges that BATS' Direct Edge Holdings LLC unit gave some investors an advantage over others. At issue are order types accepted by Direct Edge that allow customers specify how their trades are to be transacted.

The article reports that securities-trading venue IEX Group Inc. intends to seek approval from the U.S. Securities and Exchange Commission to become a fully-functional stock exchange. In preparation IEX has raised $75 million from Spark Capital, Bain Capital Ventures, and other venture-capital outfits. Details are presented about the company's ambitions for achieving market share in the U.S.

The article reports that on June 25, 2014 New York Attorney General Eric Schneiderman sued banking company Barclays PLC for allegedly telling clients who used its so-called dark pool trading venue that it protected them from high-frequency traders, while it actually favored those traders. It has previously been reported that the U.S. Securities and Exchange Commission is investigating how dark pools function.

The article reports that the U.S. Securities and Exchange Commission (SEC) is investigating several trading venues known as dark pools. At issue are matters of disclosure, confidentiality, and fairness. A pool called LX operated by banking company Barclays PLC is among those being looked into by the SEC. In early June, 2014 the SEC charged the dark pool Liquidnet with making improper disclosures about some of its customers.

The article discusses comments made on June 5, 2014 by U.S. Securities and Exchange Commission (SEC) chair Mary Jo White about increased regulation of high-frequency traders (HFTs). White said HFTs should be required to register as broker-dealers, and that the SEC was looking into how it might ban short-term strategies pursued by HFTs that can create undue market volatility. She also called for greater disclosure by trading venues known as dark pools.

The article reports that the U.S. Securities and Exchange Commission (SEC) is considering a trial program in which the trading of selected stocks would be free of so-called maker-taker fees, which are a major source of revenue for stock exchanges and some high-frequency trading companies. Investment-management firm BlackRock Inc. has said the fees present a conflict of interest to brokerage firms.

The article reports that in October 2013 U.S. Securities and Exchange Commission (SEC) Chairman Mary Jo White questioned whether self-regulation remained a viable method of oversight for stock exchanges. She said the emergence of exchanges as competitors to brokerages, and changes in market structure and trading practices were among developments that made it advisable for the SEC to reconsider supervision of the industry.

The article reports that the U.S. Financial Industry Regulatory Authority (Finra) is expected to propose new rules that would require greater disclosure from private trading venues known as dark pools. The rules, which require approval from the Securities and Exchange Commission, would mandate that pools disclose trading activity to Finra on a weekly basis.

The article discusses a January 10, 2013 disclosure by securities-exchange operator BATS Global Markets Inc. that since 2008 undetected errors at its exchange have resulted in customers paying higher prices than necessary on securities trades. BATS chief executive Joe Ratterman said his firm was conducting internal audits to see if other problems existed. The U.S. Securities and Exchange Commission has inquired into the matter.

The article discusses an investigation by the U.S. Securities and Exchange Commission (SEC) into whether stock exchanges give an unfair advantage to some traders. An existing probe into order types offered by exchanges has broadened to examine whether certain traders, notably high-frequency traders, have gained undue advantage from information provided by the exchanges.

The article discusses industry resistance to order types that are seen as benefiting practitioners of high-frequency securities trading to the detriment of others. The U.S. Securities and Exchange Commission has expressed concern about a new order type proposed by stock-exchange operator Nasdaq OMX Group. Another exchange operator, NYSE Euronext, will seek modification to an order type it offers after complaints about it from large investment firms.

The article reports that broker-dealer eBX LLC has agreed to settle with the U.S. Securities and Exchange Commission over allegations that it shared client-trading information with one of its investors. Topics include how eBX used its trading platform, LeveL ATS, to share information with Citigroup Inc., the emergence of these "dark pools" of anonymous trading in electronic finance, and financial analyst Sang Lee's predictions for what this case will do to confidence in the stock markets.

The article discusses heightened scrutiny in the U.S. of high-frequency trading. The U.S. Securities and Exchange Commission is investigating whether stock exchanges have provided high-speed traders with advantages over other traders. Special attention is paid to Dave Lauer, a former employee of a high-frequency trading firm who will voice his concerns about the industry during a September 20, 2012 appearance before the U.S. Senate Banking Committee.

The article reports that the parent company of the New York Stock Exchange (NYSE) agreed to pay $5 million to settle claims by the U.S. Securities and Exchange Commission (SEC) that the NYSE provided valuable trading information to some clients before others. The SEC cited poor compliance policies on the part of the NYSE, which said it addressed the problems in 2010 and 2011.

The article discusses negotiations between the brokerage firm Knight Capital Group and the U.S. Securities and Exchange Commission (SEC) after a series of errant trades due to a software glitch which led to Knight's unintended purchase of billions of dollars of securities. Topics include the actions of Knight chief executive Thomas Joyce; the response of Mary Schapiro, chairman of the SEC; and SEC policies for trade cancellations.

The article reports that on June 20, 2012 a subcommittee of the U.S. Commodity Futures Trading Commission (CFTC) is expected to issue a proposed definition for high-frequency trading (HFT) that will likely guide regulators such as the CFTC and Securities and Exchange Commission in future efforts to regulate HFT. It is noted that the definition is expected to be broader than HFT firms had hoped for.

The article reports that a leaked draft of a memo detailing a proposal that would restrict proprietary trading by banks was posted on the Web site of the publication "American Banker." The document was written by several regulators including the U.S. Federal Reserve and Securities and Exchange Commission,

The article reports that the U.S. Securities and Exchange Commission (SEC) is proceeding with plans to construct a multi-billion dollar computer system that would allow it to keep track of securities trading in real time. The system would be paid for by brokerage firms, stock exchanges, and the Financial Industry Regulatory Authority. Commentary is presented about the proposed system's capabilities, and industry opposition to it.

The article reports that top executives from several stock exchanges including Duncan Niederauer of NYSE Euronext Inc. and Robert Greifeld of Nasdaq OMX Group will meet with U.S. Securities and Exchange Commissioner Mary Schapiro to discuss how to prevent a recurrence of a temporary stock-market crash that unfolded on May 6, 2010.

The article reports that the U.S. Securities and Exchange Commission (SEC) has suggested a ban on "naked-access" trading, which allows traders to circumvent oversight by exchanges and securities regulators. High-frequency traders often use naked access, and SEC chairwoman Mary Schapiro fears the practice could at some point pose a threat to market stability.

The article reports that the U.S. Securities and Exchange Commission (SEC) is looking into the practice of "naked access" whereby high-frequency trading firms and others pay brokerages to let them trade large quantities of stocks on exchanges directly and with anonymity. Regulators fear market risks that could arise in connection with naked access.

The article reports that the U.S. Securities and Exchange Commission (SEC) is considering a ban on "flash" orders that briefly give some market participants an advance look at market activity. SEC chair Mary Schapiro has expressed concern over the inequity that flash orders create. NYSE Euronext, which has lost market share to rival exchanges that allow flash orders, favors a ban.

The article discusses high-frequency trading (HFT) and the New York Stock Exchange's new building for HFT currently under construction in Mahwah, New Jersey. HFT accounts for over 50% of the stock trading volume in the U.S. However, David Shillman of the U.S. Securities and exchange Commission (SEC) expresses concerns over the potential for systemic risk introduced by HFT.

The article discusses an estimate submitted to the U.S. Securities and Exchange Commission for the costs of building and operating a computer system to tracks all U.S. trading of stocks and options.

The article discusses the increased prominence of "naked access" trading, a process by which high-frequency trading firms and others can trade securities without revealing their identities. A report by Aite Group found that naked-access trades account for 38% of daily trading volume in the U.S. The Securities and Exchange Commission is considering whether to regulate the activity.

The article reports that the U.S. Securities and Exchange Commission (SEC) has been asked by Senator Ted Kaufman to stop the so-called sponsored access, a practice in which a brokerage firm's computer identification code is used by high-frequency traders to directly trade on an exchange. According to critics of the practice, a high-frequency firm that uses sponsored access with no proper risk controls could destabilize trades that result in losses for firm. SEC chairman Mary Schapiro cites that the SEC expects to look more closely at the practice.

The article reports on the extension of the U.S. Securities and Exchange Commission's (SEC) scrutiny of flash orders to options exchanges in 2009. Critics said that flash orders, which give traders on some exchanges a sneak peek of the market activity, lead to lower transparency and give certain traders an advantage over others. SEC spokesman John Nester said that any staff recommendations about the orders will likely include options exchanges.

The article discusses a willingness among high-frequency trading firms in the U.S. to work with the Securities and Exchange Commission (SEC) to develop safeguards against incidents such as an August 1, 2012 software mishap that nearly destroyed brokerage firm Knight Capital Group Inc. A group of several high-frequency firms including Virtu Financial LLC and Getco LLC have proposed new technology standards.

The article reports that a technological problem at brokerage firm Knight Capital Group Inc. on August 1, 2012 resulted in unusually heavy trading volume and high volatility for some 150 stocks during the opening hours of trading that day. As a result, the New York Stock Exchange canceled trades in six stocks. Regulators including the U.S. Securities and Exchange Commission are investigating.

The article focuses on an investigation which is being conducted by the United States Securities and Exchange Commission. The commission is investigating the New York Stock Exchange to find out whether the exchange's decision to decrease its trading floor space and move into an electronic trading platform may have affected the exchange's ability to handle large surges in trading volume similar to one which happened February 27, 2007.