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.
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