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HomeFrom the Archives: Shedding Light on Dark Pools
Posted by Larry Doyle on June 27th, 2014 12:42 PM |
In light of the recent legal action brought by NY AG Eric Schneiderman against Barclays, I thought it might be beneficial to rerun a commentary that I posted here on October 20, 2009.
Ponder that date for a minute. The issues exposed in the suit brought against Barclays are not new developments.
Think of the theft and corruption that has transpired within these dark pools and elsewhere in the last 5 years, if not much longer than that, given that our financial regulators are ‘in bed with Wall Street.’ Some of my assertions expressed in this post have been shown to be more wishful thinking than reality.
Kudos to Joe Saluzzi once again. While a number of people in the markets have been pushing for increased oversight of high frequency trading, in my opinion, nobody deserves more credit than Joe Saluzzi of Themis Trading. (more…)
Jim Cramer: “The SEC Isn’t Watching the Store”
Posted by Larry Doyle on July 19th, 2011 5:34 AM |
I will also readily admit I am a HUGE fan of Themis Trading’s Joe Saluzzi. Based upon both style and substance, Joe Saluzzi, his sidekick Sal Arnuk and the team at Themis Trading are all worthy of immediate elevation into the upper echelon of the Sense on Cents Hall of Fame.
While a huge fan of Joe, Sal and Themis, and less a fan of Cramer, how uncanny that I am here this morning touting all of them for promoting real ‘sense on cents’ in defining the true nature of our equity exchanges. (more…)
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