Three quotes and an apology May 2, 2014 at 9:39 am

The resumption didn’t happen: sorry. I just didn’t feel like writing. Even the Michael Lewis/HFT thing couldn’t rouse me from my stupor, mostly because it is so obvious what you need to do to fix these issues*.

There is a three day weekend ahead. I don’t anticipate writing much any time soon, but let me at least leave you with three quotes that have amused me recently:

Happy worker’s day: I hope you get to go to the Fair.

Frozen rain

*National auctions every second or so using orders in all the markets so that reg NMS is obeyed by construction; reporting of the results of those auctions delayed at least ten seconds to stop quote fishing; minimum fees for quote submission and no rebates; dramatic simplification of order types; a small FTT.

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