SEC Expected to Limit ‘Flash’ Trading

from Data Center Knowledge, impact expected on Equinix and SAVVIS (and probably Switch and Data):

SEC Expected to Limit ‘Flash’ Trading

Securities and Exchange Commission chairwoman, Mary Schapiro, said Tuesday that she would seek to ban a type of high-speed financial trading known as “flash trading” as the first step in a broader review of activity in the markets for automated low latency trading. Schapiro said she had asked the agency to devise “an approach that can be quickly implemented to eliminate the inequity that results from flash orders.”

Low latency trading has become a big business for a number of players in the data center space, especially Equinix (EQIX) and Savvis (SVVS).