Low Latency Hype, Exchanges Go On Crisis Control, Dimon Talks Back, and More

Experts question the ongoing latency race, exchanges focus on crisis control and Dimon faces the House Financial Services Committee. Here is what people are talking about this week.
June 22, 2012

4. No Morals

We believe that providers of trading technology will naturally exercise greater caution if they have material liability when their technology fails. Restoring exchanges' moral hazard would be an important step towards creating a more reliable marketplace.

— Dan Mathisson, the head of Credit Suisse's U.S. Equity Trading, who will present his case before a U.S. House Financial Services panel on Wednesday.

Source: Chicago Tribune: Credit Suisse: Exchanges should be liable for tech glitches.

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