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It may be true that there are no disinterested players in this debate. But his overall point is that the SEC paid an HFT firm to supply systems that would be us
by matt_morgan 12y ago
It may be true that there are no disinterested players in this debate. But his overall point is that the SEC paid an HFT firm to supply systems that would be used to oversee HFT, and that seems worth repeating regardless of his own interest in the matter.
- mlrtime 12y agoNot really, Thesys is a technology provider to many firms. Providers include financial services firms, trading companies and regulation authorities. If the SEC purchased the technology (Or spend more money to build it themselves) they would be ridiculed for having inferior technology.
- msandford 12y agoThe point is that the people providing the technology have an interest in the SEC not deciding to push for additional, non-HFT friendly market rules. Is it possible that there's no way to get it besides from a company which might/probably/definitely have a conflict of interest? Yes. Does that somehow negate said conflict of interest? No.