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Transcripts For BLOOMBERG Market Makers 20140617

Train, though. Michael lewis wrote a bestselling book about trading and said u. S. Markets were rigged and now everyone cares. And congress is paying attention. A senate panel is holding a hearing this morning into highfrequency trading, asking whether the business is riddled with conflict of interest and if it is responsible for the loss of investor confidence. Megan hughes is covering the hearing on capitol hill. It is a whos who in the industry at this point, right . That is right. I will tell you the star witness is in his first panel, brad cap zeyuma. A brad kat blew the uncovered and whistle on a lot of these highfrequency trading frat practices. His testimony, there seems to be agreement that on some level the market is rigged. New technology should not erase enduring values. Financial markets cannot survive on technology alone. They require a much older concept, trust. And trust is eroding. The next panel, we will have quite a juxtaposition. That is what we will hear from some

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