Critics of High-Frequency Trading Take to Capitol Hill; Hedge Funder Asks, ‘What’s Wrong With Nimbyism?’ Roundup
The Senate Banking Committee will hold hearings on high-frequency trading today, and the Wall Street Journal meets the star witnesses: Dave Lauer, a former trader at Citadel and Allston Capital who plans to tell lawmakers that high-speed trading has made markets less fair for many participants; and Andy Brooks, head of U.S. trading for T. Rowe Price, who will say that rules governing high-frequency trading generally favor bodies with short-term profit incentives. Read More
