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