Russia Now Monitors Speed Traders for ‘Unscrupulous’ Behavior
- High-frequency traders now handle about half of stock volume
- Recent exchange breakdowns concern officials at central bank
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The Bank of Russia is monitoring the nation’s financial markets to ensure firms using computers to trade automatically, a group often referred to as high-frequency traders, aren’t using unfair practices.
The regulator’s interest was piqued by an increase in high-frequency trading, which accounts for about half of stock trading at the Moscow Exchange, according to Valeriy Lyakh, the head of the market violations monitoring department at the central bank.