So your point is not that they are bad---- it is just that too many of them might be bad.
the issue of colocation, do you mind, since you all--obviously, I am sure people want to collocate near NASDAQ
I am trying to develop some kind of consensus with all of you who are testifying, and, again, thank you for being here with the vast amount ...
Mr. Chairman, thank you, and we have so many great witnesses today, I apologize for not being able to talk with each one of you.
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 mad...
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.
I am not necessarily in any way saying that is a good idea. I am just asking the question.
Of course, that is what we have done with Social Security. Right? We put people in the lowest-performing asset for life.
I hope that we will not get into the mode of trying to legislate returns.