Listen Carefully

30

August, 2012

Listen carefully.  Listen carefully and you can hear the industry spinning the Knight algo situation not as a market structure problem but as a risk management issue.  Since the August 1st “Knightmare”, we have seen numerous industry insiders speaking out that risk needs to be better managed.  They have been advocating adding new Risk Officers and even adding more software to detect problems.  An August 22nd interview with the Direct Edge stock exchange CEO, Bill O’Brien, is a perfect example of what the industry has been spinning:

“Now that automation

This content is restricted to site members. If you are an existing user, please login. New users may register below.