Monday, July 27, 2009

Goldman's Ed Canaday On The Requirements For High Frequency Trading Oversight

Damage control... Or is Goldman a little worried what Direct Edge may disclose.

From the appended Schumer piece on Bloomberg:

“Goldman Sachs believes high-frequency trading should have an accompanying obligation to provide liquidity, and be subject to appropriate regulatory oversight,” Canaday said.

Ed, we have been giving you the chance to provide your side of the story for months. Please take us up on the offer.

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