Breaking News

Citigroup to Take Pretax Settlement Charge of About $3.8B in Second Quarter
Tweet TWEET

Myners Urges Inquiry Into High Frequency Trades, Telegraph Says

Paul Myners, a former U.K. Treasury minister, called for an inquiry into high frequency trading because of its role in stock price volatility, the Sunday Telegraph reported, citing comments by Myners.

Myners said the U.K.’s Financial Services Authority should examine the influence of high-frequency, or “black box,” techniques, which have played a larger role in recent share price declines among banks than so-called short-selling, according to the Telegraph. He said European banks should disclose more information about levels of sovereign debt they hold, the newspaper reported.

To contact the reporter on this story: Grant Smith in London at gsmith52@bloomberg.net

To contact the editor responsible for this story: Stephen Voss on sev@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.