As expected, the SEC proposes a ban on flash orders - sent to a small group of traders fractions...

As expected, the SEC proposes a ban on flash orders - sent to a small group of traders fractions of a second before being made public. The ban will have an unpredictable impact on high-frequency traders, who are just concerned that everyone hates them.

Comments (3)
  • E Thomas St.
    , contributor
    Comments (139) | Send Message
    Best article intro I've seen on this site.
    17 Sep 2009, 05:40 PM Reply Like
  • Tom Au, CFA
    , contributor
    Comments (6879) | Send Message
    "Fair disclosure" means that ALL traders should see things simultaneously. Nowadays, even "fractions of a second" is too much of a discrepancy.
    17 Sep 2009, 05:46 PM Reply Like
  • battman
    , contributor
    Comments (370) | Send Message
    You gotta love it, from the article;


    "Hundreds of thousands of high-frequency trades a day don’t make money and these traders do lose money, regularly, said Arzhang Kamarei, chief operating officer for Thesys Technologies, a technology provider for several high frequency firms."


    We're supposed to believe it's such a high risk money losing proposition, BUT FOR THE LOVE OF GOD DON'T TAKE IT AWAY!!!!!!


    When will we go back to working for a living, and not making sh*t up while trying to take advantage of the system?


    The one bright spot, at least the SEC is finally doing something. Let's hope they really do this time, before we all get screwed over.
    19 Sep 2009, 02:33 PM Reply Like
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