Nasdaq Not Yet Subpoenaed In N.Y. High Frequency Trading Probe: CEO

wochit business
April 24, 2014 AT 10:51 AM
Nasdaq Chief Executive Officer Robert Greifeld said on Thursday that Nasdaq OMX Group Inc has not yet received a subpoena from the New York attorney general as part of its industrywide probe into allegedly unfair technological advantages on Wall Street. Attorney General Eric Schneiderman is seeking information on the relationships that exchanges and off-exchange platforms, known as dark pools, have with high-frequency trading firms. Reuters reported last week, he has issued subpoenas to at least half-dozen firms.