Regulators struggle to keep up with high-speed traders, Aite says

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Research firm Aite Group said regulatory agencies should think like high-frequency traders for effective oversight. Regulatory changes include reform of the Markets in Financial Instruments Directive in Europe and adjustments to the Securities and Exchange Commission's Rule 15c3. "Both are proposing more transparency to trading conducted outside the tape but nothing could be further from the truth," wrote Adam Honore, a senior analyst at Aite. "Right now only broker-dealers possess information the regulator lacks, particularly in real-time." Full story here