As if picking on oil speculators wasn’t enough, now high-speed traders are under the spotlight. The rumor is so called “flash” orders get preference to everyone else. Well Joe Ratterman, chairman and CEO of Bats Trading wasn’t having any of that and posted an e-letter explaining his company’s position. In it he throws down the gauntlet: if everyone else eliminates flash trades, his company would also. Let’s see how many bites he gets.
