Exchanges are bracing for greater scrutiny from the top U.S. securities regulator as it clamps down on their efforts to bolster profits by pumping out products that increasingly have catered to high-speed traders, the Wall Street Journal reported today. The Securities and Exchange Commission, alarmed at a recent string of high-profile technology mishaps that have roiled stock markets, is homing in on exchanges' ability to monitor their own systems. The SEC is also worried that exchanges, in their rush to introduce new technology, have provided unfair advantages for the computer-driven trading firms that are their biggest customers.
