Wall Street, it appears, is there as a scapegoat for left-leaning politicians to attack. Except when campaign funding is necessary.
Flash trading orders appear quoted for a split second. Customers with extremely fast computers get a quick look at pricing. But anyone with a fast computer can play.There is no other way you can monopolize that information, picked up about securities’ supply and demand.
A relatively small amount of trades were flash orders until the regulatory forces got into the act. Nevertheless the SEC started proposing a ban on them. Right now, for the most part, there have been voluntary restrictions.
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