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Themis Thoughts August 17th, 2010 Ray Bradbury wrote Fahrenheit 451, Something Wicked This Way Comes, and Dandelion Wine. He also gets when it comes to politics. In the LA Times yesterday he said, “Our country is in need of revolution,” because our government has gotten too big and far-reaching. He is mad at Obama for not pushing more for a base on the moon, and he has described President Clinton as a (rhymes with) “Knithead”. But one thing he said in yesterday’s LA Times grabbed me most: “We have too many cellphones. We’ve got too many Internets. We have got
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This letter just hit the SEC’s website today. Please take the time to read it. http://sec.gov/comments/s7-27-09/s72709-96.pdf Starting on Page 4, we find Possible Market Structure Solutions: 1. Finalize pending rule proposals (Flash?) 2. Bring HFT into Regulatory Regime. 3. Allocate system costs based on MESSAGE TRAFFIC. 4. Standardize dissemination of market data (we understand this one well at Themis Trading). 5. Raise the bar for becoming a market center, and equalize rules between ATS’s and Exchanges. 6. Think about making markets deeper, and not just focus on the NBBO. 7. Examine incentives that distort pricing (ie maker taker pricing). 8. Examine
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