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Scrutiny for High-Speed Traders
As Senate investigators consider risks of high-speed trading, SEC and CFTC prepare plans to rein in computerized and algorithmic trades.
High-frequency trading is in the sights of a Senate panel that conducted some of the sharpest scrutiny of Wall Street firms over wrongdoing tied to the 2008 credit crisis.
Senator Carl Levin, chairman of the Permanent Subcommittee on Investigations, asked regulators to provide information on risks posed by high-speed traders in advance of a hearing this month, according to three people with knowledge of the matter.
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