Geek power: market regulators make creative use of technology
From open-source software and cloud computing to tailor-made data tools, the SEC, Finra and the CFTC are taking advantage of latest technologies to police markets
Financial firms have long been avid users of sophisticated software, which is exemplified by the fact that computer algorithms rather than human traders conduct most trades on the world's equity markets. Those tasked with overseeing markets have often lacked the equivalent resources – but rapid advances in ‘big data' and declining costs of software mean that supervisors are starting to catch up.
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