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


5. Epic Fail

We as an industry failed our investors. It’s unfortunate that it occurred. It was a technological failure of a piece within our industry of one of our exchanges. But it was more of a crisis management failure.

— Joe Cangemi, head of equity sales and trading at Convergex, speaking at a SIFMA panel on equity market structure.

Source: After Facebook IPO, Exchange Focus Shifts to "Crisis Management".

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