September 21, 2012
POINTS AND FIGURES: “Finally Congress is looking at high speed trading and what it is doing to the marketplace. . . . Just in the past week we have learned of new order types not available to regular consumers of the market. We have learned favored participants get data feeds that other market players don’t get. This is patently unfair and gives one part of the market an edge they can arbitrage against the rest of the market.”
I’d institute random one- or two-second delays in execution.