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I dont know if this is good news or bad news but i will lay it out there. Sources tell us that the new york ag is not looking in this enforcement action in this hft prone. He is looking for structural changes in the hft business. What he is looking to change is out there already. Early read on thomson reuters, he wants to end that he is looking to moderate the speed advantage. That is is key. That will prevent, my view, this is my opinion now, at least make it very difficult for virtu, the High Frequency trading firm owned by vincent viola, former head of new york mercantile exchange, make it difficult for virtu to come public if you erase that nanosecond speed if that is what schneiderman wants. This investigation is in early stages. Never say will be not be an encoresment action in early stages. Right now he is not focusing on enforcement action but looking for structural change for the business that could hurt firms wanting to ....