WASHINGTON, Jan 5 (Reuters) - U.S. securities regulators will meet on Jan. 13 on whether to publish a concept paper soliciting comment on a range of equity market issues, including high frequency trading and 'dark' liquidity, the Securities and Exchange Commission said on Tuesday.
The SEC posted the agenda to its website and said it will also consider whether to propose a new rule regarding risk management at brokers or dealers that provide market access.
The agency has recently stepped up its efforts to police high-frequency trading and other trading techniques amid complaints that it can lead to manipulation and unstable markets.
SEC Chairman Mary Schapiro has said the agency will propose rule changes if it receives significant concerns after the paper is issued.
High-frequency trading, which accounts for some 60 percent of U.S. stock trades, involves using algorithms to buy and sell shares and earn tiny spreads on market inefficiencies.
The SEC also has said it is examining so-called naked sponsored access, where brokers allow trading firms to use their license, giving them unfettered access to markets.
Proprietary firms, banks and hedge funds employ high-frequency strategies, which include statistical arbitrage.
(Reporting by Karey Wutkowski; editing by Carol Bishopric) Keywords: SEC/HIGHFREQUENCY (E-mail:karey.wutkowski@thomsonreuters.com +1 202 898 8374) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The SEC posted the agenda to its website and said it will also consider whether to propose a new rule regarding risk management at brokers or dealers that provide market access.
The agency has recently stepped up its efforts to police high-frequency trading and other trading techniques amid complaints that it can lead to manipulation and unstable markets.
SEC Chairman Mary Schapiro has said the agency will propose rule changes if it receives significant concerns after the paper is issued.
High-frequency trading, which accounts for some 60 percent of U.S. stock trades, involves using algorithms to buy and sell shares and earn tiny spreads on market inefficiencies.
The SEC also has said it is examining so-called naked sponsored access, where brokers allow trading firms to use their license, giving them unfettered access to markets.
Proprietary firms, banks and hedge funds employ high-frequency strategies, which include statistical arbitrage.
(Reporting by Karey Wutkowski; editing by Carol Bishopric) Keywords: SEC/HIGHFREQUENCY (E-mail:karey.wutkowski@thomsonreuters.com +1 202 898 8374) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.