RT Journal Article
SR Electronic
T1 What Is Wrong with Canada’s Capital Markets?
JF The Journal of Trading
FD Institutional Investor Journals
SP 103
OP 107
DO 10.3905/jot.2015.10.2.103
VO 10
IS 2
A1 Jos Schmitt
YR 2015
UL https://pm-research.com/content/10/2/103.abstract
AB Today’s markets are more unfair than ever. Market participants benefiting from a technological advantage and the financial capability to leverage it deploy strategies that make the playing field uneven and are harmful to long-term investors. The quality of execution in today’s markets is impaired by predatory trading strategies, and considerable wealth is transferred from the average citizen to a small subset of market participants. There have always been predatory trading strategies. But now they’re systemic, amplified by marketplaces that are complicit. The pendulum has swung too far; it has become taxation without representation.TOPICS: Exchanges/markets/clearinghouses, developed