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Since when have DARK POOLS been legal too !

HFT have now been reined in and hopefully dark pools will be seen as

the latest abusive tool ?

The STIR exchanges were warned of these abuses but decreed that nothing was illegal !We screamed of manipulation but were ignored and told to accept our losses ; perhaps our exchanges need a massive clear up too ?

FSA fine to  UBS  ; £160 million is more that their entire 2013 budget  which again shows that our regulators are fighting  wars with water pistols ; then again most of the traders are aware of this . 

"fair and orderly markets " are essential to restore market confidence and yet again HFT and uncontrolled speed limits are causing huge damage to our fragile markets .....

  the medicine is simple  but will it be taken !

sadly fine does not represent the crime !  Goldmans should have top level supervision and by their failure to pick up rogue traders increase the "confidence" damage to our mkts .

   A larger fine withe the threat of bank suspension would be  more suitable .

Until we accept manipulation HFT cannot advance . Sadly there is market abuse in all markets and always will have a percentage  as money is involved ! HFT  has taken that percentage to unacceptable levels .

steve has a point that we cannot go forward until we can admit the current abuse as real  ! My gripe is that the exchanges have constantly denied "any abuse ! " The cure is there BUT do we want the medicine ?

Perhaps if the exchanges reopened their market supervision dept and actually regulated their markets rather than pass the buck to their clients ; we may see  confidence return !

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HFT  ; dark pools and other arbitrage trades will obviously affect market quality ........... Did anyone seriously think it would increase quality ?

Currently dark pools are better than HFT  to which i agree but thats like comparing herion and cocaine !

sorry ; there are very obvious links with HFT  and manipulation ! With 30 years experience its very easy to see abuse and where it comes from and if an industry is claiming 70% share of market it becomes even easier . 

I would accept CMCRC article if they accepted  20% of market abuse but to state none is a fairy tale . My argument is over the last 5 years its become more obvious and even now HFT beginning to admit some abuse ! 

HFT  has been "used " by our exchanges to increase their profits and been tarred with the bad brush .

We can accomodate HFT but not on a 70% share as clearly that blend does not suit our markets and therefore we need our exchanges to change their governance and become independently regulated and provide

honest markets for ALL their clients . The exchanges created HFT and have to share its faults and blame . Finally we can say that they have not created the liquidity and volume they promised and therefore have dented the markets confidence and May 6th 2010 can never happen again !