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"New York's Attorney General Expands Probe Into High-Frequency Traders"
New York's Attorney General Expands Probe Into High-Frequency Tradersby Karen Freifeld and Nadia Damuni, Reuters/Business Insider
http://www.businessinsider.com/r-exclusive-new-york-prosecutor-eyes-exchanges-in-high-frequency-trading-probe---sources-2014-01
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NEW YORK (Reuters) - 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. Another source said major banks that operate dark pools, or platforms where trades take place out of sight of the rest of the market, have been sent letters asking for information.
The sources spoke this week on condition of anonymity because they were not authorized to discuss the matter publicly.
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