You're now on the archive server. Commenting has been disabled.
Kaufman on HFT: The Bottom Line Is Liquidity Vs Fairness
Liz Claman: Let me ask you, when the review comes in, what will you be looking for, because she may find that so far, the markets are relatively fair and we have a level playing field.
Ted Kaufman: I am absolutely convinced that when you look at it, and when you talk to enough people you know, people know it's not. My job is to suggest concerns that I have in my oversight capacity as a U.S. senator, and send them over to Mary Schapiro. Now it's up to Mary and the other commissioners to come back with a proposal and I will deal with it when it comes back.
Video courtesy of Fox Business Network
»
- 3010 reads
- Printer-friendly version
- Send to friend
Similar Articles You Might Enjoy:
- Senator Kaufman Approves SEC Proposal Calling For Elimination Of Naked Access
- SEC's Schapiro Responds To Sen. Kaufman, Promises To Curb HFT Market Manipulation
- Senator Kaufman Reminds Most HFT Issues Still On Table; Notes Rising Market Structure Concern By Regulators And Market Participants
- Sen. Kaufman Urges SEC To Work Quickly On Uncovering Possible High Frequency Market Manipulation And Systemic Risk
- Mary Schapiro: "We Need Significantly More Money"
Is she:
1) an idiot that can read a teleprompter and remember the talking points given to her by her producer right before the interview?
2) a shill?
Yes.
So...lip gloss? Want a younger one? How about if the senator's picture is put in a corner and we roll some girls gone wild commercials in the rest of the frame?
You've got to be more specific.
both
good articles; good articles 4 slow news day ..http://www..
hat tip: finance news & finance opinions
Where is this girl's brains?
It's bloody mary time boys, to your health, cheers, great job ZEROHEDGE TEAM!
Can I not be regulated when I drunk drive? It will all come out in the wash...
So wtf does the SEC do? What investigations have they come up with solely on their own? As far as I can tell they sit back and wait for "pond scum blogers" to hand feed them information. What really gets under my skin is when MSM reporters take posts from Zerohedge etc.as there own. I read shit on this site and others,two days later it's f'n breaking news. Zerohedge should have an over under for every story posted here as to when we will be hearing it on CNBC etc. From time posted to when it hits the airwaves, this needs to be documented. Like a stop watch next to the post. Most will not be picked up but many are. Scary to think what would be going on without such blogs.
I suggested we add upvoting/downvoting to comments, but this idea blows mine out of the water. Fear not, I'm sure the "reporters" in the msm will be more than happy to cite their plagiarism. Or not.
Zero, good job exposing this issue.
But now we have a much BIGGER PROBLEM brewing to our free markets and our freedom in general. The takover of the entire internet by the government. I'm not kidding. Welcome to China. This is the start of things to come:
http://www.foxnews.com/politics/2009/08/28/senate-president-emergency-co...
TD and Marla -- please help. This is a serious issue.
Now that all the Kennedy's are dead, the Rockefeller's get to step up to the plate more.
When it comes to China, we want freedom on everything, especially on media. Otherwise, we sued in the WTO. And, guess what, we won.
When it comes to America, we want to follow the fine examples set by China: no freedom in the internet. And, guess what, we have fine means to control all those DNS, including that zero, hedged or not.
Yes, only in America, recount is legal. In all other places, recount amounts to vote-fraud per se.
You can run and you can hide, but you cannot have connection, internet that is.
Bring it on, baby. What else can you do? R&R (Riot and Revolution)? Investigation by Bloody Mary? Dream on!!
What use is liquidity if it reduces the bid-ask spread from 50.00-50.10 to 50.00-50.01 but makes the customer pay $51 instead of $50 for the stock because of all the frontrunning of orders
Kaufman's mouthpiece, ex lobbyist--
http://www.nndb.com/people/706/000127325/
How can he not know about the issues? Isn't that why he was elected?
that makes as much sense as "Hi I am here from Washington to Help you". Like what planet?--No One is on the Level.
It looks like the SPX is inflation adjusted and the Nikkei is a nominal chart.
good articles; good articles 4 slow news day ..http://www..
hat tip: finance news & finance opinions
Suggested solutions:1-Outright ban on any individually uncontrolled contribution toward any investment. What does that mean?almost all reirement plans give you a choice of a couple of mutual funds to invest in. And since part of the plan is a company match,and it is also allowed to grow tax deffered,most people take it and they contribute towards it. So actually for the big players in the market,it is no big deal if they took half of that since this is not the contributor's in the first place which was exactly what was transferred during the last 10 months or so. So a ban on retirement plans investing in stock market,corporate bonds,hedge funds and the likes,will take out the incentive for excessive greed in Wall st.2- Abolishing all agencies that supervise the various markets;those agencies give a lot of people some sense that those markets are like banks deposits that are insured up to a certain limit. While the reality cannot be further from the truth. This way we are clear where we stand:enter the market at your own risk