Big U.S. stock exchanges ask SEC to hold off on fee cap plan

Discussion in 'Wall St. News' started by ajacobson, Oct 18, 2017.

  1. Sig

    Sig

    So first off, we can't have a reasonable conversation if you insist that criminalizing is identical to regulating. The vast majority of us who support the decriminalizing of drugs also support the resultant drug trade being highly regulated, just to use your example. And as a hint, when you have to go to those kind of contortions to support a position, it's generally time to reexamine that position.
    It's also pretty absurd to say the hundreds of forex bucket shops are the exception and don't operate in a competitive landscape. First off, there are hundreds of them. Second, what exactly shields them from competing with one another?
    Your original assertion was absurd, your support for it even more so. If you're losing money in the markets because of the fraction of a cent regulator fee you're either a HFT or a failed trader looking for someone to blame. Either way I wouldn't expect a lot of sympathy.
     
    #11     Oct 20, 2017
    d08 likes this.
  2. NeoTrader

    NeoTrader

    You assume too much and consider just what you want to consider, ignoring what is not convenient to what you want to believe...:D You don't know anything about me and when someone changes the focus of the discussion from the topic to the opponent, THAT is a clear sign of lack of arguments and impossibility of having a reasonable conversation.:) Dream on...;)
     
    #12     Oct 20, 2017
  3. d08

    d08

    I also love it when they run off with my money and I don't get a cent back. When that happens every few years, I just go "I lost everything but love the unregulated markets, freedom baby!".
     
    #13     Oct 20, 2017
  4. d08

    d08

    I would much like to see a market that's just a series of auctions at timed intervals. It would equalize the markets a lot and you wouldn't worry about slippage as long as you guesstimate the liquidity. This would make life so much easier as there is no real need to have a continuous price.
     
    #14     Oct 20, 2017
  5. Sig

    Sig

    My first company was an "unregulated marketplace", essentially an exchange for electricity environmental attributes. We found that the timed auction method of ensuring liquidity is far superior to a market maker method after trying both. Granted this was a very illiquid product, but I couldn't agree with you more for the majority of financial products out there. Might actually be something worth pursuing. I know a few exchanges do it here and there, but why not a 15th options exchange that just operates on period X auctions where X is one of several choices based on liquidity of that particular product?
     
    #15     Oct 20, 2017
    d08 likes this.
  6. d08

    d08

    I get it that Friedman is your hero or you just discovered him and are enthused about it.
    But let me get this straight, you want no regulation which means an exchange can do anything it wants with your order and you have no way to find out about it? And you expect hundreds of exchanges to pop up as if the infrastructure expense is very low. We're not talking about a bicycle delivery service here...

    That said, I understand your frustration, just now I saw the ridiculousness of the regulated markets - the price traded through my limit, no match. How is this supposed to be normal in a regulated market? I lost a fill, the other side got a worse price. Pure corruption. The continuous market is a joke.
     
    #16     Oct 20, 2017
  7. ajacobson

    ajacobson

    Friedman isn't a him. She's a brilliant lady.

    Just for the record.
     
    #17     Oct 20, 2017
  8. NeoTrader

    NeoTrader

    Fuck
    Fuck Friedman... I didn't know him... And I couldn't care less what type of person he was... That's the thing with people like you and in general... You shouldn't judge something by who said or wrote it, though this could be an initial factor in avalueting some subject... What matters is just logic, your own judgement about anything after giving it enough thought and consideration... And his ideas, Hayek's, Sowell's and so on are pure logic... You don't have to "believe" anything... Just think, use your head and eventually you'll see the logic in it(or not). You should read some of his books... I recommend "Free To Choose", if you must pick just one... People like him never "invented" any theories, they just observed reality and described it as it is. You are still one of the many that judge policies and institutions by their intentions and not their actual results.
    As for your order, fuck your bad fill. It's no use to be complaining about things. Things are what they are, fucked up or not, deal with it anyway. Could it be better if there were no stupid regulations? Sure. But I can't do anything about the blind that doesn't want to see and supports this kind of shit, making it an unfortunate reality. We're all here just killing time...;)
     
    #18     Oct 20, 2017
  9. d08

    d08

    What's the point of your post? You post Friedman's videos and images one after another, what is one supposed to think?
    There's no "pure logic" in eliminating all regulation. You simply refer to "pure logic" when it suits your views.
    So now you've moved on to "stupid regulations", does that imply you want to keep some regulations and not just remove it all?
    You suggesting I'm blind, it's funny because that's how I see you. You're the "grass is greener on the other side" type of person, you don't address any of the major problems lack of regulation creates, simply focus on the positives.
     
    #19     Oct 20, 2017
    Sig and shatteredx like this.
  10. NeoTrader

    NeoTrader

    The point is what I said: Kill time... As I said, I'm well pass the point of thinking that I can or should convince someone to see things logically... I don't give a fuck... There are no problems caused by lack of regulations. Regulations just do harm. Nothing more.
    If you want to see what I mean, I already recommended you the book. Your choice... Makes no difference to me. Have a great weekend!:D
     
    #20     Oct 20, 2017