“High-frequency trading firms increased their campaign contributions to federal lawmakers by 673 percent from the 2008 to the 2012 election cycle, according to a report that sheds light on their political connections in Washington and efforts to impact policymaking. It compiles the campaign and lobbying records for 48 different firms like Citadel Investments, Getco, Knight Capital (KCG.N), Virtu Financial LLC and Tradeworx which engage in high-speed trading, a strategy that uses lightning-fast computers to search for ways to take advantage of tiny price moves in the marketplace.”
http://www.reuters.com/article/2013/05/13/us-campaign-highspeedtrading-idUSBRE94C0RG20130513
(Visited 28 times, 1 visits today)
Related posts:
Former Tiffany & Co. exec pleads guilty to stealing $2.1 million in jewelry
U.N. seeks detailed Mali military intervention plan
Credit Suisse faces $1.2-billion US penalty over taxes
U.S. embassy in Tunisia on fire as protesters climbed walls
Trump in Line to Receive Top U.S. Intelligence Secrets
Banks in Singapore agonize over rich clients in tax evasion clampdown
Bitcoin Mining Chips, a High-Tech Arms Race
Phone Records of AP Journalists Seized by U.S. Government
Swiss banks face hefty fines under US tax deal
The Rush to Tap Myanmar's Energy Promise
HSBC to spend $700m vetting clients
Belgian minister eyes citizens' Swiss accounts
Retaliatory Tariffs Push Harley Offshore; Enraged Trump Threatens Punitive Taxes
Neglected Estonian Manor House to Be Turned Into Bitcoin Center
Man with walking stick puts three Sapulpa schools on lockdown