| Its a good first step that the SEC has taken, but this just scratches the surface, says Joe Saluzzi of co-head of equity trading at Themis Capital, in New York. Inducements from exchanges to traders such as paying a rebate to posters of orders should be abolished, he adds. He speaks frankly on the subject and this helps us pair out some of the false information out there about high speed trading. It is especially good to see someone saying essentially, well this small fix is good for now, but we have only begun to scratch the surface of what needs to be done. In addition, he is an effective communicator and brings the subject down to earth. |
