Six ways to make trading fairer
As we try to understand what happened in the meme-stock frenzy — a populist uprising, a skillfully disguised market manipulation, or both? — one thing is clear: The public doesn’t trust the stock market. In his latest column, Andrew offers some potential ways to make investing fairer and regain trust:
A transaction tax, even of 0.1 percent of a trade’s value, could reduce the attractiveness of the high-speed trading that gives sophisticated Wall Street firms a huge advantage.
Force hedge funds to disclose short-selling positions. “If we as a society believe transparency is important to understand who is buying up shares, it would seem logical that we also want to know who is betting against them,” Andrew writes.