Finra: poor controls around HFT a big concern

HFT operational monitoring a real issue

finra-new-york-2009
Finra headquarters

Technology getting out of control is the biggest concern with high-frequency trading (HFT), the US Financial Industry Regulatory Authority's (Finra) chief information officer told delegates at the North American Financial Information Summit in New York yesterday.

Steve Randich said that incidents such as the 2010 flash crash – which saw the Dow Jones Industrial Average plunge 998.5 points and then recover almost as quickly as it fell – are the result of unintended consequences of technology

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: