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SEC revokes Toronto brokerage Biremis over "gaming"

2012-12-19 12:41 ET - Street Wire

Also Street Wire (U-*SEC) U.S. Securities and Exchange Commission

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so loading bids and offers outside the market is a nono, but the use of the algorithm trading that actually utilizes the info of bidding and offering outside the market is legal? LOL sounds like the algorithm trading platforms are manipulative software.

Posted by headscratching at 2012-12-19 19:08

It sounds like the trading algorithms are the real problem. People just found a way to beat the computer. There should be no computerized trading allowed on any markets. All orders should have to be entered manually by a trader. I find it funny they take exception to this but Icebergs are OK. That is truly gaming the market

Posted by BS at 2012-12-20 19:01


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