Electronic share trading platform, Direct Edge, has protested against comments about “flash orders” made by Charles Schumer, a senior Democrat on the Senate banking panel, Financial Times reports. Schumer is seeking a ban on the practice of “flash” orders across electronic platforms, which enables high-frequency traders to attract orders from investors.

Critics have argued the system favors traders with faster and more powerful trading systems. Schumer has sent a letter to the Securities and Exchange Commission asking that it restrict the use of flash orders by Nasdaq OMX and trading platforms, Direct Edge and BATS.

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