Tag High-Frequency Trades (DJ)

한국의 프로그램 매매에 대한 tag 부여와 비슷하게
미국도 HFT에 대한 tag 부여를 고려 중이라.
tag를 붙여도 식별은 어렵지 않을까?

기사에도 나오듯이 tag를 붙이면
자신들의 전략을 그대로 노출시키는 꼴인데, 반발이 크겠다

이하 본문 중 일부


SEC Weighs Proposal To Tag High-Frequency Trades - Sources

By Jacob Bunge, Of DOW JONES NEWSWIRES

U.S. regulators are moving toward a new rule that would tag transactions by high-frequency trading firms to improve oversight of their burgeoning activity, according to people familiar with the matter.

The plan would see the Securities and Exchange Commission give high-frequency firms unique identifiers, allowing the agency to keep closer tabs on traders that are not registered market-makers or broker-dealers.

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The move would make it simpler for regulators to track their activity, avoiding the need to follow lengthy audit trails from exchanges.

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However, the tagged trading data released a day after transactions were executed, would be available only to regulators, according to persons familiar with the matter.

While smaller firms or participants may resist such a rule amid fears their strategies could be revealed, most of the largest high-speed trading firms already report much of their activity through various channels and would see little reason to object, market participants said.

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The agency is eyeing reporting requirements that would provide more transparency into the trading on so-called dark pools, private electronic platforms where large blocks of stock are traded anonymously.

The SEC also has proposed to ban "naked access" for high-speed traders, which allows firms to buy and sell stocks on exchanges using a broker's computer code without authorities knowing who is making the trades.

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