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NEW YORK, NY, May 30, 2012 – The Flash Crash of May 2010…The failed BATS IPO……The Facebook Fiasco of May 2012… The lowest trading volumes in recent memory…The biggest withdrawals from the stock mutual funds in American history…. What do all of these events have in common?
They have occurred because stock markets in the U.S. are broken, say professional traders Sal Arnuk and Joseph Saluzzi, in their new book, Broken Markets: How High Frequency Trading and Predatory Practices on Wall Street are Destroying Investor Confidence and Your Portfolio (FT Press,
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Themis Trading is an independent, no-conflict, institutional agency brokerage firm specializing in equities. The purpose of our blog is for a discussion of market structure issues as well as general market commentary.
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