HFT, who benefits? #NYSE #SEC


An assortment of United States coins, includin...

An assortment of United States coins, including quarters, dimes, nickels and pennies. (Photo credit: Wikipedia)

June 20 (Bloomberg) — NYSE Euronext CEO Duncan Niederauer
tells lawmakers that high-frequency trading is hurting public
confidence in equity markets.
* “The public has never been more disconnected,” Niederauer
says at House Financial Services panel hearing on market
structure
* NOTE: Lawmakers are scrutinizing high-frequency trading
after May 6, 2010 plunge briefly erased $862b in U.S. equity
values
* NOTE: SEC Chairman Mary Schapiro has pressed for marketwide
surveillance system to track stock trades

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