May 2, 2012 – The U.S. Securities and Exchange Commission is bolstering its use of high-tech analytical models to identify risky industry practices, and hopes to significantly increase its manpower and resources to develop these models.
According to testimony provided by SEC Chair Mary Schapiro, as the financial sector uses increasingly sophisticated technology and high frequency trading algorithms, “our ability to use statistical and trend analyses to identify potentially inappropriate or risky industry practices is essential to help inform our enforcement, examination, and rulemaking efforts.”
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