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SEC moves towards greater oversight of HFTs

US regulator votes unanimously to require high-speed traders to register with the Financial Industry Regulatory Authority

SEC moves towards greater oversight of HFTs

US securities regulators took the first steps toward ratcheting up oversight of rapid-fire trading, proposing to bring certain high-speed firms under greater regulation from a Wall Street watchdog.

The Securities and Exchange Commission on Wednesday voted unanimously to require computer-driven trading firms to register with the Financial Industry Regulatory Authority, an industry-funded regulator of brokers that is overseen by the SEC.

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