Nanex Gets $700k Whistleblower Award from SEC
So essentially the NYSE is a provably fixed game, with large HFT houses paying for the right to trade on non-public information, and it hides behind the idea that it was just a few hundred milliseconds.<p>All the while they are selling non-public information as a product that is deliberately used to micro-manipulate the market?<p>I mean, deep down I always knew this, but to have it all spelled out is shocking because it exposes the NYSE as systemically fraudulent.  The implication of that is so overwhelming it causes me to want to ignore it out of sheer inability to think of a way to solve the problem.