Is High-Frequency Trading Really Out of Control? (video)

Is High-Frequency Trading Really Out of Control? -

Former CFTC Commissioner Bart Chilton discusses high-frequency trading, and responds to comments made by Michael Lewis, the author of ''Flash Boys.''

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Michael Lewis: What If Markets Made Themselves Fair? (video)

Michael Lewis: What If Markets Made Themselves Fair? -

March 25 -- “Flash Boys” Author and Bloomberg View Columnist Michael Lewis discusses high frequency trading a year after the release of his book. He spoke March 25th on “Bloomberg Surveillance.” His opinions are his own.

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Reining In High-frequency Trading?

A reining in of high-frequency trading? Views:

"... Regulators are circling the wagons. BATS Global Markets is said to be nearing a regulatory settlement over allegations it unfairly favored certain high-speed customers. This follows the abrupt departure last month of its CEO, the combative Bill O’Brien.

“It really appears that BATS is coming in for probably some heavy fines or sanctions,” Nagy said.
New York Attorney General Eric Schneiderman and the SEC are pressing forward as some of the biggest dark-pool operators, including Goldman Sachs, Morgan Stanley, Credit Suisse and Barclays, are caught in the crossfire.

Rich Gates, a portfolio manager at TFS Capital in West Chester, Pa., expects to see regulators slam the brakes on some HFT players.

“I think we will see more changes,” said a jubilant Gates, featured in Michael Lewis’s “Flash Boys.” “It is exciting to watch and see all the changes and regulatory pressure.”"

source: High-frequency trading guns aiming for battle | New York Post

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The Stock Markets are Rigged, Michael Lewis, 60 Minutes

Usual suspects--Wall Street, Big Banks, High Frequency Traders --

60 Minutes Video - Steve Kroft reports on a new book from Michael Lewis that reveals how some high speed traders work the stock market to their advantage - CBS.com:
"Video Preview at link above: Rigged
Air Date: 03/28/14
Steve Kroft reports on a new book from Michael Lewis, "Flash Boys," that reveals how some high speed traders work the stock market to their advantage. Watch Kroft's report on Sunday, March 30 at 7 p.m. ET/PT."

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Is the U.S. becoming a Third-World Nation? -video

Is the United States a Third-World Nation? (video)

Michael Lewis, author of the new book "Boomerang," says the United States and many European nations suffered a moral failure that led to economic collapse. Lewis insists that the U.S. economic situation will get much worse before it gets better.

According to Lewis, the optimistic scenario is "slow growth, high unemployment" for an extended period. Otherwise prepare for shocking financial collapses, e.g., banks and even governments (for example many U.S. states and cities have made unsustainable contracts with public employee unions--California is the poster child for these kinds of excesses). Unfortunately, the only way to correct things in a democracy appears to be through crisis--when the pain gets bad enough that almost everyone realizes "something" must be done and the voters will elect those who will do the "hard" things that must be done to "right the ship." In short, we can either face the truth and do the necessary things to correct the situation which will mean short-term pain for long-term gains. If we are unwilling to have a decade of pain, we can only look forward to a century of decline.  See also "That Used to Be Us: How America Fell Behind in the World It Invented and How We Can Come Back" by Thomas L. Friedman and Michael Mandelbaum.

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