NY Attorney General Sends Subpoenas To High Frequency Traders

In perhaps the most public investigation on Wall Street in recent memory, Bloomberg News is reporting that New York Attorney General Eric Schneiderman has sent subpoenas to six high frequency trading firms. Six firms receive subpoenas, including two in Chicago, one in New York Among the six firms are said to be two Chicago firms, Chopper Trading LLC and Jump Trading LLC, and one New York firm, Tower Research, according to the report.  The firms did not provide comment. Interestingly, the subpoenas seek to determine if special arrangements exist between the high frequency traders and the exchanges and dark pools….