FSA ramps up technology to spot market abuse

The UK financial regulator is to upgrade the technology it uses to monitor trading on its markets as it looks to crackdown on market abuse conducted by computer algorithms. The Financial Services Authority is planning to introduce software from Nasdaq OMX, the transatlantic bourse operator, that will review trades in equities, options, foreign exchange, over-the-counter products and options from early next year... http://www.ft.com/cms/s/0/eb2f1dda-f8ca-11e1-8d92-00144feabdc0.html#ixzz263OC4AQc