High-frequency trading is in the sights of a Senate panel thatconducted some of the sharpest scrutiny of Wall Street firms overwrongdoing tied to the 2008 credit crisis.
Senator Carl Levin, chairman of the Permanent Subcommittee onInvestigations, asked regulators to provide information on risksposed by high-speed traders in advance of a hearing this month,according to three people with knowledge of the matter.
Levin, a Michigan Democrat, sought responses from the Securitiesand Exchange Commission (SEC) and Commodity Futures TradingCommission (CFTC) to 13 questions on the effects, trends, concerns,and regulatory reaction related to high-frequency trading,according to a copy of the letter obtained by Bloomberg News andconfirmed by one of the people.
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