Re: Finally, high frequency trading manipulation recognized somewhat

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goldhunter11

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Re: Finally, high frequency trading manipulation recognized somewhat

in response to

Finally, high frequency trading manipulation recognized somewhat

goodheart-r

posted on Oct 29, 2014 11:18AM

GHeart-r,

Article says: "In an October 16, 2014 Order, Athena Capital Research, LLC ("Athena"), a New York City-based HFT firm, agreed to pay a $1 million penalty to settle the SEC's administrative charges, without admitting or denying the SEC's findings."

Two comments:

- To pay a small amount ($1M is small compared to their income from this HFT activity) even without admitting wrong doing could be looked at as a small victory for the SEC.

- Perhaps writer Michael Lewis should team up again with computer whiz Brad Ratsuyama to exposed fully the details, in simple language, of this HFT scheme in a sequel, "Flash Boys 2".

This would send chills down some spines and hopefully help minimizing "innovative" schemes (to their advantage... and disadvantage to the common investors) by some trading firms.