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Sen Schumer echoes suggestions of HFT industry

12

August, 2010

Here is how the press release was titled: “SCHUMER TO SEC: IMPOSE TOUGHER RULES ON HIGH- FREQUENCY TRADERS TO CURB STOCK PRICE VOLATILITY AND PREVENT ANOTHER FLASH CRASH”  http://schumer.senate.gov/record.cfm?id=327160&  We hadn’t seen much from Sen. Schumer on the high frequency trading debate since last summer when he proposed banning flash orders (which by the way still exist).  So, we were pleasantly surprised to see Sen. Schumer jumping back into the fight…or so we thought.

Once we started reading Sen. Schumers letter, it started to feel like we had read this before.  Sen. Schumer believes that any market participant making markets in 25

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3 Responses to “Sen Schumer echoes suggestions of HFT industry”

  1. Sen. Schumer on High Frequency Trading - MarketBeat - WSJ
    August 12th, 2010 at 3:29 pm
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    [...] folks over at Themis Trading, who have been getting lots of attention as some of the most outspoken critics of HFT practices say [...]


  2. Is Chuck Schumer’s Market "Activism" Merely A Cover Up For Protecting HFT Lobby Interests? « Finance Blog
    August 12th, 2010 at 4:32 pm
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    [...] Themis Trading explains: [...]


  3. Thursday Linkage | The Big Picture
    August 12th, 2010 at 4:44 pm
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    [...] • Themis Trading: Sen. Shumer is HFT Industry’s Bitch (Themis) [...]


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