End of decimalization, regulators going backwards at full speed.

This is a HUGE gift to the HFT companies ... it will increase their avg/trade by a factor of 10 (at least) on the corresponding stocks.

Of course, that will come out of the investors pockets.

Very very very smart move from Wall-Street!
 
This is for small cap companies with low liquidity. HFT is not interested in those anyway. By the way learn what HFT is and then use that term. The only thing that is not changing is that retail investor will pay for it.
 
only a complete moron,living in some sort of imaginary world can come up with an idea,that number of new companies(IPO) is getting smaller and smaller because of 1 penny spread. same ridiculousness applied in EU,with their transaction tax idea..
get this trough you head, you f*** politicos..the number of IPO is falling because this country is over regulated and absolutely no pro business. same for EU-you can tax whatever the f** you want,but it won't solve the problem for same exact reason.
i did explain the ipo problem here,on ET probably 5 years ago or so,cause it does affect my trading. list of stocks i trade is getting smaller and smaller.
 
from same guy,who looks like know thing or two about HFT

http://dealbook.nytimes.com/2014/02...-stock-trading-will-see-some-of-its-own-work/

What’s so bad about catering to high-frequency traders? By their very name, high-frequency traders execute trades ahead of everyone else, grabbing the best prices or, in a worst case, offering false bids to lure sale offers. These trades can “take” quotes before ordinary investors can buy, and then turn around and sell for a penny more to the same buyer who lost out. Academic studies have found that the flight to dark pools probably made pricing worse and created higher trading costs.
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i see this each and every day 100 times a day and i pointed out on it at least half a decade ago. 2 years committee on flash crash should come here just few days after the event. the cause been explained here long time ago.

Even though institutional investors are skilled, they still sometimes lose to high-frequency traders. But retail investors do not even play.
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that's right. it's also been explained while ago. they kill the golden goose of trading and now note how this proposal aligned perfectly with this:


Slump in Trading Threatens a Wall Street Profit Engine

http://online.wsj.com/news/articles/SB10001424052702304887104579304950089683862

all one have to do is to connect few dots together. and we all(but not politicos, who is bought and owned by WS,lobbying this thing )already know the outcome-it will be even less volume,huge spreads and when s** finally hits the fan-look out below,cause you will see micro flash crashes on daily bases without real liquidity.
btw-the media is also acted like a whore on flash crash,refusing to name it correctly. it wasn't a crash,the money did not 'evaporized' or lost. it was a quickest and most brutal wealth transfer in a human history. a pure highway robbery of retail by WS. just have some balls to say that....nope..
 
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