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How does one scandal being worse justify another? Unless you can say that the "price extracted" is fair and self regulating without any clear and transparent o
by lucisferre 12y ago
How does one scandal being worse justify another?
Unless you can say that the "price extracted" is fair and self regulating without any clear and transparent oversight, I think there is probably room for improvement and a benefit from increased scrutiny. However, as I said, my knowledge of the internal workings of the markets is still pretty limited.
- tptacek 12y agoIf you understand the scandal, you understand the answer to that question: automated trading, opaque as it is, strangled the spreads that human market makers had been capitalizing on.