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New York Attorney-General Eric Schneiderman used a speech on Tuesday to launch a broadside against high-frequency trading.
New York Attorney-General Eric Schneiderman used a speech on Tuesday to launch a broadside against high-frequency trading.
(FRED R. CONRAD/NYT)

New York warns of crackdown on high-frequency trading

Is high-frequency trading unfair? The top prosecutor in New York State certainly appears to think so.

Eric Schneiderman, New York’s Attorney-General, used a speech on Tuesday to launch a broadside against what he termed “insider trading 2.0” – the host of ways that high-frequency traders “distort our markets” and “guarantee themselves enormous revenue.”