Stock Market Rigged? Tune in to "60 Minutes" tonight

sprstpd said:
The real question is, how do I, as an individual trader/investor, get to trade on IEX, the exchange that has built-in delays. Can I do it through Interactive Brokers? If so, how? If not, why not?
More...

the REAL question is-why everything in US have to be so complex to the point that no one understand it? i see similarities of current market micro structure with lets say-US tax code. 80K pages and you need a pro,to guide you thru it.why can't go back to the roots and trade on 2 exchanges, and compete on them only,using 3 simple things-price,size,priority. no more dark pools,no more subpenies,no more shady ECN's in every city. why we have to reinvent things all the time?(Katsuyama's exchange)
ethanol in the gas. another US policy.. everyone knows it's a s***. everyone knows that there is no benefits of using it,only problems. yet we still poring this crap into the gasoline,rising price of corn,beef and whatever around it.
 
A few minutes ago, at 11:40 a.m. EDT, Jeff Solomon, CEO of Cowen Group, gave his broader take regarding HFT and market front-running (IEX is good in its niche...) on Bloomberg's Market Makers "Is The Market Rigged Against You" segment.

You'll have to check back for the interview to be uploaded by Bloomberg TV:
(live page) http://www.bloomberg.com/tv/
or
(Most Watched Videos page)
http://www.bloomberg.com/video/most-watched/

Not surprisingly, it looks as if Bloomberg and the other financial shows will be all over the topic;
The NY AG is being interviewed now on Bloomberg's Lunch Money, along with same-topic snippets from other Bloomberg segments:
http://www.bloomberg.com/tv/

"Flash Boys" author Michael Lewis is to be interviewed on Bloomberg later in the week:
at 10 a.m. Wednesday (Thurs?), and 6 a.m. Thursday (Fri?)...
 
[BTW, it looks as if Bloomberg and the other financial shows will be all over the topic;]
shows all over is good. took them only 5-10 years to figure this one out..
but why not the SEC?
 
Yeah, yet another case where stock777 was right, and paid shills like winstontj are shown to be the enemy of decent folk like you.

how absurd that only now are they claiming its a problem

the easy money has been made(stolen)
 
Personally... I don't see how this "fractional penny front-running" has any material impact on the rest of us.

If you're "playing for a fractional percent of a penny", you're likely "fishin' in a dry hole" anyway.

If such front-running (immaterial to most of us) is illegal, should be stopped. If not, shouldn't be an issue for the rest of us where a "$0.01 execution price makes a difference."

Intellectually and in principle is immoral, opportunistically "exploiting the system"... but pragmatically has zero impact on the rest of us drones.
 
Bob111 said:
shows all over is good. took them only 5-10 years to figure this one out..
but why not the SEC?
More...

FWIW, SEC Commissioner Dan Gallagher's "little guy" comments 3 days ago on CNBC:

... "The problem with high-frequency trading right now is that there's a perception that for the little guy, the markets aren't fair," Gallagher said. "That perception to me is a reality. It's something we need to address."

Gallagher, an SEC commissioner since 2011, told CNBC he believes the regulatory agency will examine how it handles high-frequency trading this year.

"It's just gotten too automated," Gallagher said. "It's gotten automated because of our own rules. It's time that we do this."...

http://www.cnbc.com/id/101534076

Yawn.
 
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