White House Petition Launched To Ban HFT Market Abuse

Tyler Durden's picture

It appears five years of our constant denigration and a book by a world-famous and highly credible author has finally pushed "the people" to lobby for change on Wall Street...

Click image for link to petition

As The FT reports,

some point in time the chickens are going to come home to roost on the
HFT game,” said one Goldman insider
. “It’s a smart move for anyone to
become more diversified in their approach to the market.”

Of course, while in principle Zero Hedge supports the idea of crushing HFT - as we have been covering this market parasite for five years - at this point why bother?

It is not rocket surgery to realize that the only solution left to undo the broken, rigged, manipulated system western "capitalism" has become, is to let the HFTs cannibalize each other to death, and let the Fed send the Russell 2000 to 200,000 and then either let it all crash right back to zero or unleash hyperinflation.

There is no other solution.

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Renewable Life's picture

Can't wait to hear the reason from the WH, why they Can't do it!!


So much for "YES WE CAN"

Dr. Richard Head's picture

The same reason for the market crash and consumate bailouts, "The market need liquidity!"  The market needs liquidity like I need another wife...

NoDebt's picture

Has Piers Morgan been deported yet?  I seem to recall a petition about that, too.

Jack's Digestible Ideas's picture
"A whitehouse.gov account is required to sign Petitions"


No thank you.

NoDebt's picture

I know the Tylers are all behind this but if the government DOES step in to ban HFT, you won't like the resutls.  They'll fix one thing and break ten others, while leaving loop-holes in for their crony buddies.  Just let exchanges like IEX (which I predict will proliferate rapidly from this point forward) compete for trades and sort it out that way.


I know it feels good to crack heads with the "might of governement" sometimes, but don't do it.  Doing this would be what's called and "unforced error".  HFT is already on it's way out.  We witnessed the beginning of it's demise yesterday, thanks to O'Brien at BATS.  The creeping cancer of the government is not needed this time, so don't invite them in.

lordylord's picture

“It’s a smart move for anyone to become more diversified in their approach to the market.”

Translated:  Find another way to cheat and steal the wealth of the middle class.

MillionDollarBogus_'s picture

Let the markets collapse, or unleash hyperinflation..??


That's your advice..??


lordylord's picture

Let's continue to allow the theft of wealth from this once great country.  Is that your advice?  I'd prefer for the curtain to fail.  But I guess some people are happy living safe and sound with papa Obama to tuck them in at night.

0b1knob's picture

"Be careful what you sign.   And to whom you give your documents.  Give me six lines written by the most honest man in the world, and I will find enough in them to hang him."

Some French guy.

Never sign a petition.    You could be signing your own death warrant or FEMA camp reservation.

Soul Glow's picture

You're scared of the unknown.  Let it go.  There was life before the Fed, there will be life after.  Oh, and I'd bet my bottom silver dollar it will be much better.  Much better.

NotApplicable's picture

For all you know, the Tylers might be in perfect agreement with your sentiment. Which I suspect is likely, given I cannot recall ever reading a Tyler written article on "government solutions."

NoDebt's picture

They just reworded the article.  A wise choice, I think.

booboo's picture

You are absolutely correct, now that the tide is going against the club they want their hired hands to bungle it up with The Law or to codify HFT under the guise of solving the problem

StychoKiller's picture

IF the SEC would just zip-up and enforce the rules that are already in place...

Sudden Debt's picture

It just ask for you email. I signed the petition.
Sign it!

lordylord's picture

Let us know if you get Obamacare spam. 

Hippocratic Oaf's picture

Folksy folks don't like dat hi frequent trading shit. Why I told my wife, if I had a trader it'd look like a high frequent guy. Middle class folks hates 'em some high frequent trading.


Yes sir..............



hobopants's picture

Ladies and gentlemen I present to you the fall guy for the coming collapse, lets give a round of applause for HFT! 

ebworthen's picture

"It's those darn computers Mabel."

"Oh I just know the government will fix it Floyd."

"You're right dear, lets go and watch the Nightly News with Brian Williams."

BTW - that website is like the comment box that feeds into a shredder.

Nobody For President's picture

A greenie for 'comment box that feeds into a shredder'.

boogerbently's picture

I wonder how much information is required to "sign in" ???

Vampyroteuthis infernalis's picture

I signed in. Basically a name, an email address and your zip code. Of course, I didn't falsify any of those. ;)

Dr. Engali's picture

The NSA thanks you for your cooperation.

GrinandBearit's picture

Another reason to LMFAO!

boogerbently's picture

"Denigration" ????







alien-IQ's picture

Yeah, that'll fix it...

ArkansasAngie's picture


Did it.

Now what?  Wait a few years for CONgress to do nothing?

My faith is shaky

Spastica Rex's picture

Well, at least you added your data to an important government list.

NotApplicable's picture

As well as supported the evil idea that fedgov is a legitimate entity of public control.

NOTaREALmerican's picture

Dear Citizen,

Thank you for your recent e-mail supporting communists and trrrsss trying to overthrow the most honest and open government in the entire universe.

Your e-mail has been forwarded to the NSA for quality purposes.

We will be contacting you shortly. 

Thank you.

The NSA.

( Note,  if you are randomly choosen to recieve the NSA Customer Service survey, be sure to give us 4's and 5's.  You're life may depend on it.)

Dr. Engali's picture

The chickens are coming home to roost:




NoDebt's picture

Oh, dats rayciss.  Not him saying it, of course.  You bringing it up.

Up arrow.

Pure Evil's picture

Well, if dem chickens gonna be headin' home to roost, we be habin fried chicken tonight!

gjp's picture

How about end the Fed and fractional reserve banking, reinstate gold as settlement for international trade?  Without all of those, they'll just find another scam.

Dr. Richard Head's picture

You idealist!  DC will simply cut off the end of a tenticle of the squid and a new head will generate in its place. Nothing to see here...move on!

agstacks's picture

You obviously haven't heard that there isn't enough gold for a "modern economy". 



PlusTic's picture

unreal, these people define the word "ass clowns"...

Grande Tetons's picture

ASS CLOWNS  are two words. 

The one word deifinition would be dipshit. 

dipshit 1. A despised person; a moron; an ineffectual person; one with a habit of being wrong, loudly and often.
Emergency Ward's picture

Please, Obama, save us from those dirty wall streeters and banksters that bankrolled your election.....

Intoxicologist's picture

"A whitehouse.gov account is required to sign Petitions."

No, thanks.

ParkAveFlasher's picture

Sounds like an invitation to be spammed by ACORN.

F.A. Hayek's picture

Before signing up, just be sure to pack an overnight bag for yourself and leave it by the front door for easy access when getting dragged away to the gulag in the middle of the night.

TN Jed's picture

Only sometimes.  I said it before and I'll say it again.  Though I've never created an account there or signed any petition, when the ban guns petition was up a year or so ago I clicked the link to read it.  With no account there you should see highlighted "Sign In" or "Create an Account" buttons and a greyed out "Sign this Petition" button. But this time, those sign up buttons were greyed out and in place of what should have been the inactive Sign button was "You have already signed this petition."  That was the day there were well over 100,000 "signatures" within hours.  Be careful where you rubberneck online.  Curiosity on my part meant consent on theirs.

Algosaurus Rex's picture

Fair markets and trading nirvana in 3...2...1...2...

deeply indebted's picture

Oh, sure, Big O will get right on this. I highly doubt he even knows what HFT is. Besides, wouldn't killing HFT at this point basically crash the system? Isn't HFT "helping" to obfuscate trades so that endless levitation by the TBTF can continue until we reach the mythical "escape velocity"? Sure, beg .gov and the inept SEC to "do something"...whatever. It's a waste of time. The ponzi will continue, on schedule, until it collapses under its own weight.

gcjohns1971's picture

Can we petition whitehouse.gov to ban the whitehouse?