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Wall Street regulator backs registration for high-speed traders

Richard Ketchum, chairman and chief executive officer of the Financial Industry Regulatory Authority (FINRA).
Andrew Harrer | Bloomberg | Getty Images
Richard Ketchum, chairman and chief executive officer of the Financial Industry Regulatory Authority (FINRA).

High-frequency trading firms should be required to register with U.S. securities regulators, the head of Wall Street's self-funded regulator said Tuesday.

"I think it would be a great thing for the (Securities and Exchange Commission) to focus on whether there should be registration requirements for active high-frequency traders," said Richard Ketchum, the chief executive of the Financial Industry Regulatory Authority, at FINRA's annual conference.