High-speed computerized trading based on split-second information advantages is changing the financial markets for the worse New York Attorney General Eric Schneiderman said, calling the trend "Insider Trading 2.0." "When blinding speed is coupled with early access to data, it gives small groups of traders the power to manipulate market movements in their own favor before anyone else knows what's happening. They suck the value out of market-moving information before it even goes public. That's 'Insider Trading 2.0,' and it should be a huge concern to anyone who cares about the markets and the free flow of capital on which our economy depends," Schneiderman said on Tuesday at a financial industry event in New York sponsored by Bloomberg. Schneiderman in July announced an interim agreement by Thomson Reuters, the parent company of Compliance Complete, to stop providing some of its clients with market-moving consumer survey results from the University of Michigan two seconds before
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