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EU High-Frequency Trade Curbs May Hurt Markets, Industry Warns

High-frequency traders said that plans by European Union lawmakers to interfere with their strategies and restrict the speed of transactions would raise investor costs and harm financial stability.

“It is ironic that growth market exchanges in countries such as Brazil, Hong Kong and Singapore are making substantial investments in technology in order to improve liquidity, whilst Europe is contemplating doing the reverse,” the FIA European Principal Traders Association, a group that represents high-frequency traders, said in an e-mailed statement today.