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"Naked access" Now 38% of U.S. Trading

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WHATEVER IT IS, SOUNDS NAUGHTY
"A report says that 38 percent of all U.S. stock trading is now done by firms that have "naked sponsored access" to markets, the controversial trading practice said to imperil the marketplace, and which faces a regulatory crackdown," according to Reuters UK. "Naked access gives trading firms, using brokers' licenses, unfettered access to stock markets. The firms, usually high-frequency traders, are then able to shave microseconds from the time it takes to trade."
SOURCE:   Reuters

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