“The bolder and better idea, if one wishes to see if markets can outperform the “rigged” game devised by the feds, is to let investors choose the consumer protections they favor. Why not let exchanges set their own rules and let companies and customers decide if they wish to trade there? One could also let customers decide whether they even need a broker or an exchange. Maybe eBay could do better. Or maybe in a genuine free market, business would gravitate back to the NYSE.
One thing for sure is that if New York Attorney General Eric Schneiderman and others looking for headlines want to string up high-speed traders, honesty requires them to put the regulators at the front of the rope line.”
- High-Speed Politics - WSJ.com (via slavin)
via Tumblr http://ift.tt/1lrbczK
One thing for sure is that if New York Attorney General Eric Schneiderman and others looking for headlines want to string up high-speed traders, honesty requires them to put the regulators at the front of the rope line.”
- High-Speed Politics - WSJ.com (via slavin)
via Tumblr http://ift.tt/1lrbczK
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