@article {Schmitt103, author = {Jos Schmitt}, title = {What Is Wrong with Canada{\textquoteright}s Capital Markets?}, volume = {10}, number = {2}, pages = {103--107}, year = {2015}, doi = {10.3905/jot.2015.10.2.103}, publisher = {Institutional Investor Journals Umbrella}, abstract = {Today{\textquoteright}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{\textquoteright}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{\textquoteright}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}, issn = {1559-3967}, URL = {https://jot.pm-research.com/content/10/2/103}, eprint = {https://jot.pm-research.com/content/10/2/103.full.pdf}, journal = {The Journal of Trading (Retired)} }