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Other than creating a mess it will change nothing. Lowes increment for retail was 1/16. Market Makers and those with direct access traded in 1/32 and 1/64. I do not remember exactly but I thing I have seen 1/128 and maybe 1/264 fractions which is sub-penny trading. Anyway I will have to...

Khmer Rogue Cambodia / China Cultural Revolution / Stalin in Russia

The only school I can recommend is School of Hard Knocks

Similar thinking last century invited Japan's aggression because the US was perceived as weak (also GB and France did the same in EU). If you look at the history of WWII then you would notice that bureaucrats almost destroyed democracies making them defenceless. Only luck and enormous sacrifice...

I remember that retail could submit orders in 1/16 increments and the subpennying was in 1/32 and maybe later in 1/64. Anyway it was fun to trade then when feed was decimal (float or double in computer language) and I had to convert it to fractions to submit order. Good old days. And guys are...

Ask yourself first how those trillions have been created or where they came from. Once you understand money creation, credit and banking then you would realize that the above sentence is off target. Keep in mind that these are the governments that bailed themselves out by creating more...

Do you know the answer how much 1/16 spread would cost investors as compared to 0.00001c subpennying or you wasting my time?

Since August 15, 1971 actually - gold standard - Nixon Shock

How much it would cost investors if spread was still starting at 1/16 1/8 and so on?

No doubt about it. But the solution might be completely unexpected because modern global economics and finances are evolving. Economic scenarios not necessarily can be based on today's doom and gloom or resolved based on past and current experiences. Economy went into abstract trajectory with...

This is a very good point often missed in the heat of discussion and past history shows that the US can lead in times of crisis.

Part of the issue is that liquidity has been forced out from equity markets to bond markets and by extension to derivative and currency markets. Again HFT in that case could be wrong target as well. I do not have own definition of HFT but there are books /online references on HFT and DMA...

Low volume stocks are not on the radar screen of HFT. Wrong logic and wrong target. There are reasons why HFT must exists. One pointer would be Knight debacle. If properly analyzed it shows you how much market activity single biggest specialist on NYSE can handle before going bankrupt and...

This is not possible or not going to happen because: The US is global power and it costs a lot to maintain global balance of power. Many outside the US are willing to support US deficits which amounts to protection racket. As long as image of the US as a superpower is maintained deficit will...

HFT term is damaged by media beyond repair. There is no way anyone can reason with opponents and expect that they will be listened to. Realistic defense strategy is to have Jimmy moment " I have sinned" regardless whether it was a sin and whether HFT will sin again and again. The point...

No. That should not be needed. This is why independent Central Bank has been created in the first place. Politician, government can not print paper (deficit) at will. They have to borrow and the value of the paper they issue is subject to evaluation in free market environment so there is...

The perception of the market is induced in such way that money is forced to flow to support treasuries. This is main strategy of the Fed to help manage staggering deficits which in turn feeds back to create bigger deficits and weaker economy.

definition in short: "From everyone according to their ability and for everyone according to their needs" I do not need to go to library. I lived in former eastern block. I have learned that it does not work.

He seemed a little bit intimidated being interviewed live. Many do not understand the difference but he made it clear that he does not consider speed of trading as a major issue. He singled out 2 issues: existing regulations are being broken and not enforced (which one?) and that there...

Dial India