Reed Says Market Disruptions Are "Wake Up Call" On Computerized Trading

Sept. 19 (Bloomberg Law) -- Senator Jack Reed, Democrat from Rhode Island, talks to Bloomberg Law's Lee Pacchia about an upcoming hearing in front of a subcommittee for the U.S. Senate Banking Committee on how high speed computerized trading impacts the broader economy. Senator Reed will chair the hearing which seeks to examine the role high frequency trading systems have played in recent market disruptions such as the so-called 'flash crash' from May 2010, the failed BATS Gloabal Markets IPO, problems with the Facebook IPO and recent glitches plaguing trading firm Knight Capital.

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[JohnOptions]

High Frequency Trading Whistleblower Sparks a Big Congressional Investigation  /watch?v=sV7DEmPVZhE

[StockMarketFunding Trading School]

It's a huge "Wake Up Call" we've been warning the public about this since the FLASH CRASH! /watch?v=ppEJ8r7bQ2o

[cmfluteguy]

We need "high frequency democracy".

Fire elected officials based on Facebook comments.

[ulirieger]

That senator is a not competent for the challenge on hand. Different data feeds enable the frontrunning at the first place. This becomes just another whitewash. The best democracy money can buy ......