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NYSE boss:high freq trading safe

THE head of the New York Stock Exchange said that it was not necessary to bring more oversight to high frequency trading, a split-second stock trading strategy that has come under increasing scrutiny.<br /><br />The US Securities and Exchange Commission recently said it was reviewing high frequency trading.<br /><br />&ldquo;I frankly hope the SEC does not do much,&rdquo; said Duncan Niederauer, the chief executive of the New York Stock Exchange parent NYSE Euronext.<br /><br />&ldquo;I am certainly not under the impression that there is anything nefarious going on,&rdquo; he added.