In a speech this week at the American University School of Law, Elisse Walter, chairman of the Securities and Exchange Commission, offered some insight into how the Commission may start to tackle regulations for high-frequency trading. She also talked up new high-tech systems it will deploy to keep pace with those used by the entities it oversees.
Walter, who will soon be replaced as chairman if President Obama’s nomination of former New York prosecutor Mary Jo White is approved by the Senate, said she has directed her staff to accelerate work on an initiative called Reg SCI, which would mandate standards and testing requirements for exchanges.
