Following CME Group, ICE Exchange Gets Tougher With HFT

The Intercontinental Exchange (ICE), current owner of the New York Stock Exchange, is adopting tougher rules designed to combat high frequency trading abuses, following a move by the larger CMEGroup four months ago, Gregory Meyer of the Financial Times reports. The rule tightening comes as for profit exchanges walk a delicate balance between being market regulators and satisfying their largest customers. High frequency trading has been reported to make up nearly half of all exchange revenues, with some estimates claiming that at times HFT, as it is known, makes up nearly ¾ of all trading revenue. HFT and flash crash…