We have been pounding the table for years about how our markets have been kidnapped, with the aid of for-profit stock exchanges. Simple supply and demand has been replaced by an arms and speed race centered around a little “market making” video game of rebate arbitrage. Policy makers in other countries agree. As Nathaniel Popper of The New York Times puts it, “countries around the globe are now using America as a model for what they don’t want to look like.”
Yesterday Traders Magazine published an online article titled This content is restricted to site members. If you are an existing user, please login. New users may register below.