Full Kaufman Letter To Mary Schapiro, Or Is The HFT Party About To End?

Issues under attack include everything that currently lays the groundwork for a multiple-tiered market, including:

  • Flash Orders
  • High-Frequency Trading (with a juicy tangent regarding Renaissance Technologies)
  • Co-location of Servers at the Exchanges and Other Venues
  • Direct Market or Sponsored Access
  • Dark Pools
  • Liquidity Rebates
  • Retail Order Flow

If you want to learn more about any of these issues, just select the tags for this article.  Furthermore, we welcome readers' critical commentary and suggestions here as it will be read by all the right people.

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