I wonder what the sound of 8,000 SEC eyes rolling is like? Maybe the Senator can also demand a looking into Steroids in MLB next?
First Published Monday, 6 September 2010 10:53 pm – © 2010 Dow Jones
By Jacob Bunge
Of DOW JONES NEWSWIRES
U.S. Sen. Charles Schumer urged federal securities regulators to explore ways to slow some high-speed [...]
This morning we awaken to find the Bachus/Hensarling August 24th 2010 letter to Mary Schapiro in our inbox, which we include as an attachment for you to read. Ever since the HFT industry formed their own lobbying group in Washington DC a few months back, we have expected a letter like this to surface. We [...]
http://www.ft.com/cms/s/0/835ba5ae-b05e-11df-8c04-00144feabdc0.html
Yesterday, Larry Tabb of Tabb Group penned an editorial in the online edition of the FT. I linked to it above, and pasted it for you below, but don’t bother even reading it (ok, you can if you want); I will recap it for you right here:
“Y’all are all bummed out because the economy stinks, [...]
Major Money Managers Representing Retail Investors Speaking Out Against HFT
As we had anticipated, leading institutional investors of primarily retail money are beginning to speak out against the market structure that has helped foster HFT. Here are three major examples:
Kevin Cronin, Director of Global Equity Trading at Invesco
Invesco (NYSE: IVZ) is [...]
http://www.cnbc.com/id/15840232?video=1572716553&play=1
Listen 06:30 on!
The tide is turning folks. Kudos Mister McCaughan. He nails HFT and more importantly our market stucture for what it is, and explains the link to investor confidence, with eloquence and quiet logic and confidence.
Freaky Patterns
We are all told that it is a square; maybe it is. But we just feel the insides of it need studying. By the way the above is a drawing by the mathematician, Escher, and it is called the Escher grid. You all remember Escher from high school and college? [...]
We can’t help it. We are competitive, and we don’t like to lose! You see that’s what being from New Jersey means.
Take for example, when we heard that Tennessee was voted the most corrupt state in May 2010, outdoing even Rod Blagojevich’s Illinois, we knew that we could top that. And [...]
Themis Thoughts August 17th, 2010
Ray Bradbury wrote Fahrenheit 451, Something Wicked This Way Comes, and Dandelion Wine. He also gets when it comes to politics. In the LA Times yesterday he said, “Our country is in need of revolution,” because our government has gotten too big and far-reaching. [...]
More Stuffing?
I know, I know… it is not November. And to be honest I never liked turkey, especially with all the stuffing. The Wall Street Journal reports that the SEC is in fact looking into the role quote stuffing played in the Flash Crash of May 6th: SEC Probes Canceled Trades (ht ZH). The article highlights [...]