It is hard for me as someone who worked in the market for 31 years to understand how any trades can be broken arbitrarily by an exchange.
Editor's note · Context
Bunning expresses confusion over arbitrary trade-breaking rules.
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I am glad to see the SEC followed through on its commitment to us last fall to start a broad examination of market structure issues.
They may be day traders. They may be someone who is in it just for a very short period.
If I am in Schenectady, New York, and I am dealing with a broker-dealer in Schenectady, any broker--I am not going to give anybody a plug here--how do I compete with the electronic traders that have nanosecond access?
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