HKEx should help monitor HFT, say brokers

Hong Kong’s stock exchange should shoulder some of the burden for monitoring risks from electronic trading, brokers argued at a conference in the city yesterday. They branded as unfair proposals on regulating electronic trading from the Securities and Futures Commission, in that they appear to put all the onus for reducing risks from high-frequency trading on brokerages. The SFC proposed in a consultation released in July that brokers should be ultimately responsible for pre-tra…