05/05/2014
https://www.congress.gov...
"It seems to me that, aside from some of the things that can happen with any system that need to be regulated, high-frequency trading has made the cost of a transaction far less for the investing publi..."
"it seems to me that is the most sensible place, and I realize there ought to be a lot of disclosure"
"It seems to me very much like what existed on the New York Stock Exchange where you would call a specialist, they would make a trade for you."
"But there is no problem that--there is no essential problem with the fact that high-frequency trading exists to create price discovery."