Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
"I think automation and high-speed trading can provide a lot of value. But the exchanges changed—in how they built their market, who they catered to, and how they were influenced. From our standpoint, for the long-term investor, knowing that the stock market exists for them, they’ve been massively under-served. As a result, they’ve been taken advantage of with these little nuances, order types, machinations. They always seem to be on the other end of that. Maybe it’s time to try and change the tide, and not to outlaw anything that exists, but just to give people an alternative—or to give brokers who trade on their behalf an alternative."
