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Katsuyama Vs The High Freaks Round II - Senate Hearing On HFT Live Feed
In what we are sure will be a reassuring hearing full of confirmation that markets are unrigged, safe for investors, and why retail has never had it better, the Permanent Subcommitte on Investigations will start by hearing from IEX's Brad Katusyama who will, as he did before, put them straight on the real actions of the high frequency trading community... Remember the last time HFTs tried to defend themselves... they lied.
The last time HFT defended itself... it lied...
Let's see how they do under oath... (link here as embed stream appears unstable)
Here is CSPAN's coverage (click image for link)
The Subcommittee hearing will examine conflicts of interest in the U.S. stock markets and the impact of such conflicts on consumer confidence, including in the context of high frequency trading. In particular, the hearing will focus on the conflicts of interest that arise between the obligation of brokers to provide their customers with best execution of their orders to buy or sell securities, and the brokers’ receipt of payments from other brokers for order flow and rebates from some trading venues for placing those orders directly. Witnesses will include representatives of stock exchanges, brokerage firms, and institutional investors, as well as a securities market expert. A witness list will be available Friday, June 13, 2014.
Witnesses
PANEL ONE
BRADLEY KATSUYAMA
President & CEO
IEX Group, Inc.
New York, NY
ROBERT H. BATTALIO
Professor of Finance, Mendoza College of Business
University of Notre Dame
Notre Dame, IN
PANEL TWO
THOMAS W. FARLEY
President
NYSE Group
New York, NY
JOSEPH P. RATTERMAN
Chief Executive Officer
BATS Global Markets, Inc.
Lenexa, KS
JOSEPH P. BRENNAN
Principal and Head of Global Equity Index Group
The Vanguard Group, Inc.
Malvern, PA
*BRENNAN SAYS CLAIMS MARKETS ARE RIGGED HARM INVESTOR CONFIDENCE
*BRENNAN: WE HAVE CONFIDENCE IN MARKET AS SAFE FOR INVESTORS
STEVEN QUIRK
Senior Vice President, Trader Group
TD Ameritrade
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dog & pony show...nuthing will change, it never does!
Wall Street is rigged. Bitcoin is the answer!
What? Obrien is a proven liar and he didn't get a seat on the panel?
Katsuyama Samurai house:
http://www.mustlovejapan.com/subject/katsuyama_samurai_house/
William Benzai : How about a photo of Samurai Katsuyama taking some HFT heads off with the 'ol family sword!?
And it's a lot easier than setting up guillotine too!
There will be bits in the valley. There will be bits in the valley for me.
tell that to all the bitcoin holders that got MTGox'ed, by that crook Mark Karpeles, with no grease
Why should gh0atrider tell them? They already know they're idiots. Fuck them.
gh0atrider and fonestar have never lost a single satoshi to theft.
"Let's see how they do under oath..."
That's laughable...
Fucking Cockroaches!
Get yo popcorn ready!
RIGGED!
ZH you should have put a 'WARNING do not read if you are eating or drinking' before this:
*BRENNAN: WE HAVE CONFIDENCE IN MARKET AS SAFE FOR INVESTORS
Perjury before Congress will carry serious consequences... as soon as Holder gets around to prosecuting them.
holder is a good name for a bag man.
Thank God for Abenomics, the mass of new high net worth consumers flooding across our borders under the new "don't bother to be asked shit" immigration policy, decisive leadership and lots of golf. No other way could fatih be restored to a perfect system.
Jump you fuckers.
Knuk, my good friend. The world is changing. You goota either keep up and understand that you can't stop it yourself. Otherwise you're likely to have a coronary, and that wouldn't go over well with your healthcare coverage.
HFT via blackpool is a skimming operating. Shut the fucker's down. This is not a free market economy, rather a controlled market. I can only hope that the Kenyan negro is involved and his crafting administration. The IRS Emails should expose everything.
I am sure there is a drop your donation to the politician box as they enter the room....and a bell sounds if it is big enough
Will Ameritrade allow managers to direct trading to IEX and bypass their payment for flow operation?
I know, wishful thinking.
When I inquired about it they told me they were looking at it. I wouldn't hold my breath.
Full faith and credit has left the building...a fraud backed by force controlled by luciferians
How many Congressmen use financial institutions that employ high frequency trading?
ALL OF THEM.
speak truth to power
Just great.My Google phone doesn't support fflash and the cspan app. Is not playing that hearing.
Remember the last time HFTs tried to defend themselves... they lied.
Oy vey vaats a little lie here & there got to do vith anything ?
For us lieing is perfectly legal
Money is abandoning WS for more ethical venues.
What more data do you need?
According to Michael Lewis's book Flash Boys Katsuyama is one of the good guys. His company is supposed to beat the HFT algos and allow honest trading.
Just finished reading FLash Boys by Michael Lewis last week.
IEX is the only exchange that isn't rigged in favor of the HFT. I'm glad my broker uses them.