A manifesto for anarchic markets

A debate swirls among those with interests in our financial and commodities markets: “The markets are rigged!” “Nay, the markets are broken!” “High-frequency trading (HFT) is a cancer!” “No, HFT is an invaluable liquidity source.” “Exchanges have prostituted themselves to attract algorithmic traders!” “We need a consolidated audit trail! We need global entity identifiers!” “Regulators […]