New York's attorney general urged U.S. stock exchanges and other venues on Tuesday to limit services that he said provided unfair advantages to high-frequency traders and undermined confidence in the markets. The stock exchanges allow traders to locate their computer servers within trading venues, armed with extra network bandwidth and high-speed switches that give them access to pricing, volume and order information ahead of others, New York Attorney General Eric Schneiderman said. "Rather than curbing the worst threats posed by high-frequency traders, our markets, as structured today, are increasingly too focused on catering to them," he said in prepared remarks at a symposium hosted by New York Law School. Schneiderman has begun meetings with the exchanges and alternative trading venues to discuss reforms, according to a person familiar with the situation. A spokeswoman for the New York Stock Exchange declined comment. A Nasdaq spokesman did not immediately return a call
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