The NYSE’s Larry Liebowitz wants the SEC to take a stand on high frequency trading, whose massive hot potato volumes is the reason the NYSE changed from being the Big Board to being a Server Farm. He is quoted yesterday in the Chicago Tribune’s business section as stating, “To be honest, to my knowledge there has been no proof shown that high frequency trading is detrimental. But the ominous silence of the regulators allows the fanning of the flames.”
I guess the NYSE does not understand why, when 70% of the trading done on their multi-tiered market is HFT, when one
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