The New York Attorney General's office is seeking information from exchanges and alternative trading platforms about their relationships with high frequency trading firms, as part of its probe into allegedly unfair trading practices on Wall Street, according to sources familiar with the situation. Attorney General Eric Schneiderman's office is expected to send subpoenas within days to exchanges, one of the sources said on Thursday. The major U.S. exchange operators include IntercontinentalExchange Group (ICE), Nasdaq OMX Group Inc (NDAQ) and BATS Global Markets. NYSE, a unit of ICE, has already been cooperating with the attorney general by sharing data, while BATS has also had conversations with the prosecutor, two of the sources said.
via Business News - Yahoo Finance http://ift.tt/1iJ5iFR
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