EU promises curbs on high-frequency trading

European Union

The EU's financial chief has promised some of the toughest curbs on the controversial use of high-frequency trading highlighted by author Michael Lewis in Flash Boys.

The Daily Telegraph reports that the restrictions are part of EU market reforms - the Markets in Financial Instruments Directive or Mifid - that will be voted on by the European Parliament on Tuesday.

Michel Barnier, the EU financial services commissioner, said on Monday: 'With these rules the EU is putting in place one of the strictest set of regulations for high-frequency trading (HFT) in the world.

'While HFT trading might bring some benefits, we need to make sure that it doesn’t cause instability, and isn’t a source of market abuse. That’s what these rules set out to achieve'.

To access the complete Daily Telegraph article hit the link below:

EU promises 'strictest' curbs on high-frequency trading

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