"Barracuda Trading" Swims to the Fore in Europe

Kay Swinburne, European Conservatives and Reformists economics spokesperson

French finance minister Christine Lagarde yesterday told a French parliamentary committee that high -frequency trading (HFT) should be regulated "very strictly", and even banned in "exceptional" circumstances.

Lagarde's remarks stand in stark contrast with those of Alexander Justham, director of markets at the UK's Financial Services Authority, who told a liquidity conference in London that he foresaw "no inherent problem with the speed of trading rising."

The remarks come on the back of an

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