Nanex is the new regulator of the markets. Someone actually watching the nitty gritty. One really has to wonder what the folks at the SEC and CFTC do all day.
Just found this: http://seekingalpha.com/article/1939011-why-we-are-not-ok-and-not-on-a-sustainable-trajectory
Its nice to see some people putting some decent content, its an interesting debate. Of course there is lots of crossover, Chicago is that kind of town. That class action is very well written not sure if anything will come of it though. Re the flash crash the big SP's were 1060 x 1070 at one point, real numbers. It would be interesting to get a local's take on that day.
So how do they think to collect the 120mio from Nav? Sell his organs to the highest bidder? The media are as usual just parroting the spin they are fed instead of doing some proper research and exposing the core of the rot.