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New York (AFP) — The FBI said on Monday it was probing high-speed trading on Wall Street, a controversial practice in which computers carry out transactions in seconds or faster.

Investigators are looking into possible securities fraud, wire fraud and insider trading by companies or people who engage in this kind of trading based on rapid fire transactions using complex algorithms, an FBI spokesman told AFP.

The official would not say if the probe is being carried out in conjunction with an investigation by New York State Attorney General Eric Schneiderman.

The attorney general for months has been probing high speed traders, which he says are a potential source of unfair competition by allowing traders split-second advantages over rivals.

Scheiderman’s office confirmed in mid-March a probe was underway.

Debate on high-speed traders was renewed Monday with the release of the book “Flash Boys: a Wall Street Revolt” by Michael Lewis.

Lewis argues that the New York bourse is plagued with traders who profit time-wise from ultra sophisticated technologies that other investors cannot match.

AFP Photo/Stan Honda

Amy Coney Barrett

Photo from Fox 45 Baltimore/ Facebook

Donald Trump will select U.S. Appeals Court Judge Amy Coney Barrett as his Supreme Court pick Saturday, multiple news outlets confirmed with White House officials on Friday — and the outlook couldn't be more bleak for reproductive rights, LGBTQ rights, immigration, and the future of health care in the United States.

According to the New York Times, Trump "will try to force Senate confirmation before Election Day."

"The president met with Judge Barrett at the White House this week and came away impressed with a jurist that leading conservatives told him would be a female Antonin Scalia," the Times reported.

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