The FBI will join the SEC in investigating high frequency
trading technology for potential market manipulation, the FT reports.
The two agencies have had success working together before. Over
the last 3 and a half years, they've managed 80 successful insider trading
prosecutions.
But this this issue is much more complicated that who knows
what. Now the two agencies will be dealing in dark pools, private exchanges
where investors trade blindly with one another, and hedge funds and other firms
that use complex, super fast algorithmic codes to execute their trades...
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