mercantile exchange is under
scrutiny.
eamon javers has the latest on
that story from washington.
>> reporter: "the wall street
journal" reporting this morning
that at the cme, some
high-frequency traders have
figured out that they can get as
much as a ten millisecond
advantage over their competitors
and get a heads up on price
information and that's something
that's got a lot of people
scratching their heads and
wondering whether or not there's
an unfair advantage here for
high-frequency traders.
it's an issue that i talked to
bart chilton from the cftc about
a little while ago.
he said one thing he would like
to see at least for a start is
for high-frequency traders to
register with the cftc.
take a listen.
>> the second largest trader, by
volume, at the chicago
mercantile exchange, in the
past, and maybe still today, is
a high-frequency trader located
in prague.
now, if i want to get the books
and records, because i think
something potentially nefarious
has gone on, i'm not going...