Politics, Politics, Politics, Politics, Politics! The political election race is in full swing, with less than 100 days until election day. Enjoy the spectacle! While supporters of both candidates are extremely vocal on why the stakes have never been higher in picking the next leader of our country (they are probably right), and that you all should be very, very worried, this morning we want to assure you of one thing you really do not have to worry about – an HFT financial transaction tax!  Hillary Clinton has been proposing an HFT-specific transaction tax for nearly six months now. Her (more…)

After almost ten years of Rule 605 and Rule 606 disclosure rules, the SEC is set to propose new order routing disclosure rules today.  This move has been talked about for years by the SEC and we’re glad to see they are finally acting.  If you recall back in June 2014, SEC Chair White gave a major speech titled “Enhancing Our Equity Market Structure” where she spoke about the SEC’s plans on order routing disclosures: “Most investors rightly rely on their brokers to navigate the dispersed market ecosystem on their behalf. But monitoring the execution quality and costs of orders can (more…)