Nanex Research
Nanex ~ 31-Mar-2014 ~ SEC Loves HFT
Maybe a little too much
Link to my interview on CNBC
where I discussed the first item below.
1. The SEC exists to protect High Frequency Trading?
Placing orders for which one has no intent to execute violates Section 9(a)(1)(A) of the Securities Exchange Act.
From Michael Lewis's Flash Boys:
2. A High Frequency Trading Firm Exonerates High Frequency Trading!
We finally know who helped the SEC write the
flash crash report: the infamous report that
incorrectly laid blame on a mutual fund company that traded futures through
Barclay's. This is the same report that exonerated High Frequency Trading (HFT) from
causing the flash crash.
From
the bottom of
this page under "milestones":
That's right!
A High Frequency Trading firm provided flash crash analysis that exonerated High Frequency
Trading. See if you can find this disclosed anywhere in the
SEC flash crash report
or related press conferences. Did the press
bother to ask? Will they now?
