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Written question asked by Lord Mendelsohn (Labour) on Monday, 23 February 2015, in the House of Lords. It was due for an answer on Monday, 9 March 2015. It was answered by Lord Deighton (Conservative) on Monday, 9 March 2015 on behalf of the Treasury.


Financial Markets

Question

To ask Her Majesty’s Government whether they receive any regular reports about, or have been alerted to increasing problems with, high frequency trading firms using abusive techniques to profit at the expense of others.

Answer

The Government takes allegations of market abuse very seriously. High frequency trading firms are authorised and supervised by the Financial Conduct Authority (FCA), and it is the responsibility of the FCA to investigate allegations of misconduct.


Secondary information

Type
Written question
Reference
HL5097
Session
2014-15
Subjects
Financial markets Misconduct Market abuse
Link
View this Written question on www.parliament.uk