By Patrick Clark 9/20/12 7:56am

Morning Read

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

By Patrick Clark 9/14/12 3:20pm

big give

Rio Grande cutthroat trout

Moore Capital’s Louis Bacon Makes (More) Room for Wildlife on Colorado Ranch

Moore Capital Management founder Louis M. Bacon has donated a 77,000-acre conservation easement on his Trinchera Ranch in Colorado, the U.S. Department of Interior announced today. The easement, in the center of the Sangre de Cristo mountain range, is said to offer breathtaking vistas of high desert shrubs and mountain grasslands; the Southwestern Willow flycatcher and the Rio Grande cutthroat trout are among the species that will benefit from the new conservation area, Leith Edgar, a spokesman for the U.S. Fish and Wildlife Service, told The Observer.

Mr. Bacon, a noted huntsmen, had previously donated a 90,000-acre easement on his neighboring Blanca Ranch earlier this year. Read More