Over the past few years, we have tried to help investors understand how the equity markets have changed. In addition to highlighting a “few” problems with high frequency trading, we have often set our sights on the stock exchanges. We have referred to them as “arms merchants” who will sell sophisticated weapons like colocation space and data feeds to the highest bidder. Often, we feel like we are just yelling into a forest and no one hears us. But finally it appears that our regulators have caught on to the
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