Where has the market abuse / manipulation gone to?
Has "flash boys " provided the catalyst to regulators and exchanges to rid us of market abuse and manipulation ?
It has not gone unnoticed that since April 1st our markets have finally decided to act on a decade of ignoring blatant abuses in our exchanges . I have been a fierce critic of both exchange supervision and uneducated regulators who ignored abusive
traders and failed to provide "fair and orderly markets ." Therefore I must praise them in finally cleaning their act up and restoring vital lost confidence in our market place . Although volumes have yet to return the absence of any abuse has been clearly
noted by its membership .
However the quandary of what the regulators were either looking at or ignoring still needs addressing as it stretched over a decade and profited both abusive traders and several exchange staff who gained via shares or bonuses whilst honest traders
suffered from having their pockets constantly picked . The remedy appears to have been simple and along the lines of "zero tolerance !" Hopefully the "cheetahs " have left our shores and if "flash boys " accelerated this remedy then it has my blessing .