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Former high-frequency trader Dave Lauer is set to attack the practice at a hearing of the Senate...

Former high-frequency trader Dave Lauer is set to attack the practice at a hearing of the Senate Banking subcommittee today. Lauer will testify that HFT has allowed some firms to trade profitably at the expense of other investors, and that it has put markets at risk of crashing. "We are truly in a crisis," Lauer will say. High-speed trader Chris Concannon will give the other side of the story.
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  • Director one
    , contributor
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    Quit whining.......all the SEC n\eeds to do is put everybody on the same clock......No exceptions....... HST helps keep market making depth in the game.......Financial institutions benefit........Just keep the system up, running and reliable...... Knight paid the price but they will be back.... Their programing ability to double or triple check itself was the failure........don't forget they added liquidity to the overall market.... The NYSE and SIAC should all be on the same clock and penalties or fines levied for deviating from the fairness doctrine.
    20 Sep 2012, 08:42 AM Reply Like
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