Chicago Fed official slams CFTC, SEC over HFT regulation
'You cannot have 80% of the market being just HFT,' says Ranjan
US markets regulators are not doing enough to oversee high-frequency traders (HFTs), a policy adviser at the Federal Reserve Bank of Chicago said on October 1.
Rajeev Ranjan, a member of the economic research department at the Chicago Federal Reserve, said the Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission were lagging behind their European counterparts in policing the risk of HFTs.
"The CFTC and the SEC have not clamped down with heavy regulations on HFTs to
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