CNBC fight between Katsuyama and BATS Exchange President OBrien. It pretty much shut down the NYSE trading floor as traders looked on the debate. Fantastic stuff:
http://www.cnbc.com/id/101544772
NEAT!!! tx...
Just the same, all this market ‘fairness’ talk is a crock. I think ‘access’, and if it’s not fraud then it’s ok.
It's fascinating and important stuff if you are a trader/institution that has to worry about 1/10th of a quarter point when buying/selling huge blocks. I'm now a long term investor only looking at 1-10 years into the future. I look at investments, determine whether I am willing to buy/sell them and then place buy/sell orders. I don't have to trade around my position. That's it. Now, this brilliant Katsuyama screams to the world that the "Market is Rigged". I don't like the drama queen ploy he used to sell his book.
Thanks for that ping. Good stuff. Thought we were going to see a WWE match.