[Domalais]

I hate that argument.


It's the same crap used to justify HFT and even attempt to make it sound like a good thing. "Oh, liquidity, oh we're just helping the market get to the true price faster."

Provide liquidity is just an industry term for 'abuse the system to make a profit while providing no useful service whatsoever.' And the exchanges don't want to close those loopholes because they are making money hand over fist from speculators and HFTs.

[WeldonsRight]

Spot on! Swishing all that funny money around Wall Street and the big investment banks creates a lot of commissions and bonuses. They, in turn, stuff the pockets of their favorite politicians to keep the music playing. Meanwhile, my socks and undies double in price. I suppose we can get our pitchforks and go to D.C. to protest...oh, wait, gasoline will be $4.00 per gallon...