Bloomberg reports that New York’s Attorney General is investigating whether or not high-frequency
traders get unfair advantages because their computers are plugged in ahead of
those used by others and stock exchanges give the creeps access to trading data
that’s unavailable to everyone else, access through secret proprietary feeds. That's right, subscribers, secret. Nobody knows what information is being fed to them, and their home boys at the stock exchanges won't tell us.
Apparently hotshots at the Securities
and Excuses Commission have been running a probe into this question for years and have yet to come up with an answer, so the AG figures somebody has to do it.
The extent of public corruption at the
national level continues to boggle the mind.
