Instinet fined over HFT breach in Australia

Aug 8, 2013

Australia’s securities regulator has fined the agency broker for failing to reject or report stock manipulation by a high-frequency trader that had the potential to damage market efficiency.

Instinet fined over HFT breach in Australia

Australia’s securities regulator has fined Instinet A$130,000 ($117,700) for failing to reject or report stock manipulation by a high-frequency trader despite being alerted by internal reports.

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