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Not all news causes a halt. Some news - like terrorist attacks and Greeks burning down their banks and killing bank workers - happens during the day. It's a stupid fix. Your claim that it's not that bad is just idiotic when it doesn't fix the actual problem and the problem is liquidity...

The order is a blanket order as far as I can tell.

The idiocy that happened on May 6th is a direct result of the lack of liquidity providers because the SEC has been screwing with the market for two years (worse than usual) and driving market makers out of business. Tens of thousands have left the business. Some have left not because they...

Yes, I trade for a living at a trading company. I'm not a retail trader. What you don't seem to grasp is that how often it happens is not that relevant. And...um...in illiquid securities it happens much more frequently and usually because of a large order (relative to normal volume). As...

If you are well capitalized and your manage your risks, you can. However, you'll only make about 2% annually. essentially, this is what insurance companies do, right? Large options traders like SIG are net sellers of options, but they also buy options when they judge the option to be...

The something really bad has already happened - we've abdicated too much power to the political class by screaming "there should be a law" every time something didn't turn out the way we'd hoped. Now, we're just watching the bill come due.

Well, if you're the most libertarian person you know, you don't know very many libertarians. Don't worry, though. Fiat currency is collapsing the world over. Soon, nobody will want your cash. It won't be worth whacking you over the head to get.

First of all, I think you probably didn't overhear enough information. This sounds bogus and "I overheard" should not be a basis for making judgements since it's very unlikely you have your facts straight. Secondly, why should it be illegal to refuse to do business with somebody? How would...

I agree. The SEC is really screwing with the market to try to correct the iliquidity it caused with all of its bans and trading rule changes since 2008. It's trying to supplant the liquidity normally provided by market makers (who have steadily left the business to HFT shops) with trading...

2 & 3 go hand in hand and that's all you really need. Left to their own devices and without government sticking its nose into everything, Americans will generate so much economic growth that you will be begging Mexicans to come work here because we will have a shortage of labour. In other...

Who needs that? If the "middle class" is comprised of leeches, then it needs to be killed. Leeches eventually kill the host. Have a good look at Greece.

Fair and consistent by the arbitrary measures of a bunch of people who don't know what a buy or sell order is or by the measures of the people who actually have their own capital behind the trades? Which do you think is more fair and accurate? The standards of a bunch of people who spend...

You understand that what you're saying is WAYYYY to logical for the flunkies euphemistically known to us as "regulators". They quickly threw this thing together so they could go back to "monitoring" online porn.

The regulators are NEVER sorry because they'll just keep watching porn like always. It'll be the retail guys who are sorry because the market makers will have plenty of time to cancel their bids and re-open lower. This is just another stupid meddling move by the clueless regulators who...

My justification is that I know finance and economics and understand what swaps are. I'm in no mood to teach basics to guys full of opinions but completely lacking in knowledge. Find a textbook. Use google.

says the guy who has no idea what he's talking about. Do some research - by people with actual degrees in subjects like economics and finance instead of reading ramblings written by old cranks on message boards churning their retirement portfolios. here's one article, for instance. Try to...

That's the plan. Have you seen the SEC's new plans to stop trading (via circuit breakers) every time the market dips? Note: there are no circuit breakers on the way up. Boom and bust, baby! The capital markets were as close as we came to a free market but, the SEC always made sure...

If you don't know the answer to that, you should close your trading account right now.

And as anyone who is an actual trader with actual knowledge of markets will point...there is NO difference between them..

Normally, I'd agree with you, but the exchanges got together in a big meeting AFTER THE FACT and decided at what level to bust trades. I'm not saying you're going to get anywhere suing or complaining, but it does set up an arbitrary and unfair market - something the SEC is meant to prevent...