Fiber Optic Telecommunications Networks: SEC’s Schapiro eyes high frequency traders

James F. Booth

For more than 25 years, James Booth has provided consulting and legal services to telecommunications carriers and to enterprise companies that manage their own telecommunications networks. Since June of 2009 he has also served as General Counsel of Spread Networks, LLC, which is the industry leader in the construction and operation of low latency high speed networks. Before joining Spread he was General Counsel for OnFiber Communications, a competitive telecommunications provider, and was the sole attorney for Qwest Communications International in support of its construction of an 18,800 mile fiber optic network spanning the United States. Earlier he was lead counsel for U S WEST in its wireless and cable television ventures in the United States, Europe and Hong Kong.

Sunday, May 22, 2011

SEC’s Schapiro eyes high frequency traders

The activity of high frequency traders and the algorithms they used one year ago today when a ‘flash crash’ rattled the markets worldwide should cause the Securities and Exchange Commission to “thoroughly” examine their role, said agency chief Mary Schapiro on Friday.