Ahora, este momento vivir

Regulation won’t make a lick of difference.  Most people who claim to regulate can barely understand half of what I see pass my screens every day.  Reactive legislation means nothing when the damage has already been done.

It is the individual company’s (and futher, the trader’s supervisor’s) responsibility to understand what controls are currently in place to monitor trading activity, and to either place a collar on tradeable volume, or have others sign off on daily P&L so that they are forced to acknowledge they are also accountable.

Lastly, one bad business model should not sully the entire industry’s name.  $2B in volume sounds like a hell of a lot of money until you remember just how huge daily trading volume can be (~$150 - $200B just on the NYSE).

(Source: inothernews)