07/13/2011
https://www.congress.gov...
"I think Mr. Derbyshire wanted to respond to your question."
"I absolutely agree. I know, having been an employer, making these decisions is excruciating, and you want to make sure that your employees 20 years later who have invested in these funds and you have ..."
"the whole purpose is to keep that order in your pocket until you know that you have been able to transact it without moving the market"
"But there is no problem that--there is no essential problem with the fact that high-frequency trading exists to create price discovery."