By Emily Lambert
Financial market regulators have spent the past two years trying to fix everything from inadequate derivatives oversight to stock market flash crashes. It’s slow going. While Reuters recently reported that regulators have cracked down on exchanges since the 2010 flash crash, former Senator Ted Kaufman’s Chief of Staff recently opined on the Huffington Post that “progress has been painfully slow,” and CME Group Chief Executive Craig Donohue told the Financial Times that he feels tortured, saying “I feel I am being waterboarded by regulation.
But while regulators have slowly forged ahead, some market participants have been testing possible solutions for problems such as gaming and fragmentation. Keith Ross, chief executive of a small trading platform called PDQ, suggests that his company is offering a fix for some of the equity market’s structural problems.
the huffington post, the financial times, ted kaufman, keith ross, craig donohue, huffington post, cme group, reuters, possible solutions, torture, futures exchanges, derivatives, waterboarding, chief of staff, chief executive, cme group inc., thomson reuters group ltd
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