Traders Magazine
By Jim Toes, President and CEO, Security Traders Association
This past week was not our industry’s finest. Yes, our markets performed well from an operational standpoint, in spite of extreme volatility and concentrated spikes in volumes, however, the perception of our industry took a substantial hit. There was confusion about the rules that govern our market structure and about business practices. Investors questioned the basic fairness of our markets, playing into the fear that certain rules are only applied when individuals stand to make money and professionals stand to lose money.
Few Facts, Many Allegations and Unfortunate Timing