Brad Katsuyama on Conflicts of Interest, Investor Loss of Confidence, and High Speed Trading in U.S. Stock Markets

Testimony Before the U.S. Senate Permanent Subcommittee on Investigations of the Committee on Homeland Security and Governmental Affairs by Bradley Katsuyama, President and CEO, IEX Group, Inc.   EXCERPT   Committee Ask: Address conflicts of interest affecting brokers charged with seeking best execution of customer orders, including conflicts posed by …

PRICE DISCOVERY, MARKET COMPLETION AND OTHER FANTASIES OF ECONOMISTS

PRICE DISCOVERY, MARKET COMPLETION AND OTHER FANTASIES OF ECONOMISTS By Hazel Henderson ¬© 2013, for IPS Syndication Service While debating a high frequency trader (HFT) recently, I encountered the familiar rationalizations that HFT contributes to liquidity and price discovery in markets. ¬†Assertions about liquidity are hard to justify after the …

Why Is Finance So Big?

Why Is Finance So Big? Posted: 29 Feb 2012 01:29 PM PST By James Kwak This is a chart from ?The Quiet Coup,? an article that we wrote for The Atlantic three years ago next month. Many people have noted that the financial sector has been getting bigger over the …