I believe it was Senator Charles Schumer (Democrat of NY) who first proposed this.
You know trading allowed where flash orders allow certain people who have exchange access to buy and sell order information for milliseconds prior to that info being available to the public.
It would be nice if ordinary people could start investing again with some trust in the markets, "some" being a key word.Did Congress ever pass that legislation that was going to curb fast trading?http://invest-faq.com/articles/exch-circ鈥?/a>
http://www.nyse.com/press/circuit_breake鈥?/a>Did Congress ever pass that legislation that was going to curb fast trading?No one listens to Schumer anyway...and Congress doesn't have the authority to regulate that either.
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