“The new British government under May appears to have chosen an economic course which could bear substantial risks.”
For example, Galka said hedge funds that invest in pharmaceutical companies may request information from the Food and Drug
Irene Aldridge will present at Big Data Finance 2016 conference at New York University on May 19-20, 2016 (http://www.BigDataFinanceConference.com
But she stops well short of Bernie Sanders' call to break up the banks.
A tiny tax could curb a mountain of risk.
Most recent routs in the U.S. financial markets have prompted an outpouring of angst. Detractors of high-frequency trading (HFT) were particularly up in arms about the market downturn, which many of them blamed squarely on manipulation by HFT.
Five years and a week ago, the market suffered one of the most violent drops and bizarre recoveries. Just a few short weeks ago Navinder Singh Sarao was accused of having helped cause it.
Although there were numerous investigations into the supposed causes of the Flash Crash, including by Congress, the Securities and Exchange Commission and the Commodities Futures Trading Commission, none have been very convincing. Those lingering doubts have now been disturbingly confirmed.
For those who don't remember, the Flash Crash was when the stock market lost almost nine percent of its value from its opening level, with most of this decline occurring in a five-minute period. The market quickly recovered most of this loss. But the crash did reveal something extraordinary.
The new revelations surrounding the Flash Crash of May 6, 2010, once again brought to light an undeniable fact: U.S. regulators desperately need to boost their real-time surveillance capabilities.