For months and years now, we have called for a culture of safety. But what we get is a culture of resistance to making changes for safety.
I think that is something where, while most of them are now, it is important for the Commission to clarify that.
It is beyond frustrating that nearly 6 years after the Flash Crash we still have not built the CAT.
I believe strongly we should explore additional pilots.
I hope you will take back, Steve, the notion to the Commission that at least this Senator's patience is wearing very thin.
I strongly endorse this maker-taker pilot to help detect conflicts of interest, promote price transparency, and reduce inefficiencies.
So, it is not unrealistic to think that we might have a maker-taker pilot at least started or close to started this summer?
In the era of microsecond trading, we need to reevaluate the way our stock markets function.
I would just say, and I do not want to state the Chairman's position, but the Chairman and I want the markets to work.
Thank you, Mr. Chairman.
But, it is a fair critique, not of you all, but some of the exchanges, that their first round of proposals were more about preserving their ...