The head of the US Securities and Exchange Commission told Congress today that the US markets are not rigged
Jay Soloff
Argonath Financial
The head of the US Securities and Exchange Commission told Congress today that the US markets are not rigged. This comes in response to Michael Lewis' latest book 'Flash Boys', detailing the advantages high-frequency trading firms have over other investors. The book has created a firestorm on Wall Street, Washington, and elsewhere as many are now questioning the fairness of the current exchange-based system. SEC Chair Mary Jo White denies any rigging is taking place, stating The US markets are the strongest and most reliable in the world. Of course, what's she supposed to say? By the way, the markets I'm in charge of overseeing favor HFT firms at the expense of the average investor?' Nevertheless, after reading 'Flash Boys' and knowing Mr. Lewis' impeccable track record, it's hard to believe the markets are not manipulated to some extent for the benefit of HFT. (VIEW LINK)
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I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market maker on the floor of the CBOE, as a consultant on Wall Street, and as a senior analyst at a multi-strategy hedge fund. You can visit my website at www.argonathfinancial.com.
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Jay Soloff
Research Analyst
Argonath Financial
I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...
Expertise
No areas of expertise
Jay Soloff
Research Analyst
Argonath Financial
I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...
Expertise
No areas of expertise
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