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Live Hearing On Market Structure (Dark Pools, Naked Shorting, HFT) In Progress

Tyler Durden's picture
Submitted by Tyler Durden on 10/28/2009 08:43 -0500



The United States Senate Committee on Banking, Housing & Urban Affairs is currently holding an extended hearing on Market Structure Issues, where Senator Kaufman is presenting currently. Link to live webcast can be found here.

The full list of panelists and presenters:

Panel 1

  • Honorable Edward Kaufman
    United States Senator

Panel 2

  • James A. Brigagliano, Esq.
    Co-Acting Director of the Division of Trading and Markets
    U.S. Securities and Exchange Commission
  • Mr. Frank Hatheway
    Senior Vice President and Chief Economist
    NASDAQ OMX
  • William O'Brien, Esq.
    Chief Executive Officer
    Direct Edge
  • Mr. Christopher Nagy
    Managing Director of Order Routing Sales & Strategy
    Ameritrade
  • Mr. Daniel Mathisson
    Managing Director and Head of Advanced Execution Services
    Credit Suisse
  • Mr. Robert C. Gasser
    President and Chief Executive Officer
    Investment Technology Group
  • Mr. Peter Driscoll
    Chairman
    Security Traders Association
  • Mr. Adam C. Sussman
    Director of Research
    TABB Group
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by Rama V
on Wed, 10/28/2009 - 09:02
#112844

Besides the Honorable Senator Kaufman, are any of the attendees not in favor of HFT and dark pools?

by Assetman
on Wed, 10/28/2009 - 09:32
#112881

I know my senator from Colorado is on the committee... and from my prior encounters, I'm pretty sure he doesn't understand any of it.

Idiot.

by ptoemmes
on Wed, 10/28/2009 - 10:20
#112943

Hmm..perhaps the admin crew could setup ZH accounts for all 435 reps and 100 senators and email them an invite.

I suppose we could debate whether to use any part of their name in the login, or their state-district (state-senator1,2), or even more fun and come up with pseudonyms.

 

Pete

by Sqworl
on Wed, 10/28/2009 - 09:15
#112856

Ho's...

by anynonmous
on Wed, 10/28/2009 - 09:17
#112860

Mr. Obama invited his top New York bundler, UBS Americas CEO Robert Wolf, to golf with him during the president's Martha's Vineyard vacation in August. At least 39 donors and fundraisers also were treated to a lavish White House reception on St. Patrick's Day, where the fountains on the North and South Lawns were dyed green, photos and video reviewed by The Times and CBS News also show.

http://www.washingtontimes.com/news/2009/oct/28/democratic-donors-reward...

by Anonymous
on Wed, 10/28/2009 - 09:22
#112866

all this guy does is golf. I guess President wasn't enough, now he's chasing down Tiger Woods.

by Anonymous
on Wed, 10/28/2009 - 15:20
#113312

Lighten up, he's just taking Bush's advice on how to be a President.

tj3

yep

BEseeingyoU

by Anonymous
on Wed, 10/28/2009 - 09:27
#112872

Listening to this makes one wonder what the next move may be for financial shenanigans.

Perhaps it would be a program where instead of selling in and out of shares of co's and contracts, one could directly swap using currency denonimations as a measure instead of as a medium. For example, if I want to sell 100 shares of coke and someone else wants to buy 100 shares, but I'm interested in buying 50 shares of dow and they want to sell, instead we swap assets and only mark the excess that exists outside our trades. Instead of seeing 100 shares change hands you may only 4 shares of coke and 1 of dow.

This sort of mechanism would allow for significantly higher profits because of our current tax code. It would also increase opacity which is a real plus too.

by Anonymous
on Wed, 10/28/2009 - 10:04
#112927

If there's nothing wrong with HFT then why is the little guy in a mutual fund having the SEC giving him new frequency trading restrictions starting in December?

by agrotera
on Wed, 10/28/2009 - 10:14
#112940

It is sickening to hear how some of these  guys are parroting for the record 'high frequency trading good-thank you for your expert testimony'

we need to feed Senator Corker and the other privately held federal reserve cartel shills come crackers.

by Anonymous
on Wed, 10/28/2009 - 15:22
#113316

Bring on the revolution.

Chrissy

by Anonymous
on Wed, 10/28/2009 - 10:50
#112980

No one attending from the NYSE?

Are they gonna turn that thing into a restaurant soon? LOL

by Anonymous
on Wed, 10/28/2009 - 13:09
#113143

Thank you for your insight. ZH is now the financial equivalent of CB Radio.

by Anonymous
on Wed, 10/28/2009 - 11:11
#113002

Agreed Ho's.....Whoredom Plus....

by Anonymous
on Wed, 10/28/2009 - 11:20
#113010

Sussman and Gasser were the stars. I was shocked at how dumb Driscoll was. He is the guardian of the buyside??

by Anonymous
on Wed, 10/28/2009 - 11:53
#113046

Does anyone have a link to the replay?

by Anonymous
on Wed, 10/28/2009 - 22:30
#113711

http://tinyurl.com/yj6zazs

click on webcast archive

by Anonymous
on Wed, 10/28/2009 - 11:34
#113028

i thought that the NYSE was going to be condominiums.

Am I mistaken ?

by Anonymous
on Wed, 10/28/2009 - 14:06
#113222

could they stack the deck more in favor of these three horrors.

by Anonymous
on Wed, 10/28/2009 - 15:41
#113351

Panel 2 reads like murderers row. They are by far the emptiest suits in the business today.

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