Now the vacuum tubes are really in trouble. Bloomberg reports that the NY AG Schneiderman is making good on his threat to go after (it remains to be seen if this is more than a publicity stunt, and actual enforcement actions follow) several New York HFT firms. Bloomberg reports:
- NY AG SAID SEEKING INFO ON SPECIAL ARRANGEMENTS WITH DARK POOLS
- NY AG SAID TO SEND SUBPOENAS TO FIRMS INCLUDING JUMP TRADING
- NY AG SAID TO SEND SUBPOENAS TO FIRMS INCLUDING CHOPPER
- NY AG SAID TO SEND SUBPOENAS TO FIRMS INCLUDING TOWER RESEARCH
Surely Goldman was in no way aware of this coming crack down wave on HFT traders when it washed its hands of the entire industry, and effectively gave up on the trading space in its current format.
We doubt this will go anywhere – after all go after HFTs and the rigged market gets it – but the idea of a vacuum tube doing a perp walk is strangely appealing.
via Zero Hedge http://ift.tt/1m8cnqC Tyler Durden