Participate. I wonder if the stock exchanges are still a place where their interests matter. Hopefully this hearing will shed light on the trading practices used on wall street and help restore confident on the financial system. T while the problems facing the market are complex, we can address them with a few common sense solutions. For example, one of the most predator High Frequency trading practices depends on the unintended consequences of the secs regulatory National Market system or regular mns. That mandates that investment firms must buy or sell stocks at the best price available. While that might sound like a reasonable requirement. High frequency trading firms can take advantage of the rule by putting out offers to buy or sell small amounts of stock at attractive prices. When a large investmentor seeking to make a big order accepts the High Frequency trading firms offer because its the best prize available, the High Frequency trader can predict that he will have to go to ano
The truth, so help you got . We will be using a timing system today. Please be aware that one minute before the red light comes on, you will see the light change from green to yellow, giving you an opportunity to conclude your remarks. All of your written testimony will be printed in the record in its entirety and we would ask that you try to limit your oral testimony to five minutes. Professor battalio, we will have you go first. Thank you again for your work. Good morning, chairman levin and Ranking Member mccain. Thank you for inviting me to testify today. Its an honor to have the opportunity to present my views on conflicts of interest. In u. S. Equity markets to the Senate Permanent subcommittee on investigations. My expertise is the relationship between order flow inducements offered by dealers and exchanges and the quality of trade execution. Before discussing my Current Research with shane coreland and Robert Jennings id like to provide a bit of context. Orders used by retailer
Testimony. All witnesses who testify before this subcommittee are required to be sworn. At this time i would both of you to please stand and raise your right hand. Do you swear that the testimony youre about to give before this subcommittee will be the truth, the whole truth, and nothing but the truth, so help you got . We will be using a timing system today. Please be aware that one minute before the red light comes on, you will see the light change from green to yellow, giving you an opportunity to conclude your remarks. All of your written testimony will be printed in the record in its entirety and we would ask that you try to limit your oral testimony to five minutes. Professor battalio, we will have you go first. Thank you again for your work. Good morning chairman levin and Ranking Member mccain. Thank you for inviting me to testify today. Its an honor to have the opportunity to present my views on conflicts of interest. In u. S. Equity markets to the Senate Permanent subcommitte
Of riot police. And keeping an eye on grandma. It is swedens elderly. And coming up in sports. Did you miss that . The 50th anniversary of the instant replay. Coming up a little bit later. Hello. France says calm has now returned to the capital of Central African republic. French soldiers are pressing deeper into the country. Thousands more International Soldiers are on their way. In the African Union has 2500 personnel there. Now with the au, is bringing its force to 6,000. French troops had already committed 12 soldiers. That brings its total to 2500. France president francois lowland. Who let things happen. Has the report on the situation in the capitol ban gui. You may find some images in this report disturbing. French soldiers on foot patrol in banghi. Welcomed by many. They are here to reassure people enough to open up shops. But at the moment, theres no food or medicine. But theres little the french can do about the growing sectarian violence between muslims and christians. We m
No problem with that. We think those are a lot of good uses for drones in those areas. There might be particular rules that need to be worked out around if a drone is being used to search for somebody and it happens to fly over private peoples houses and the backyard we think there should be rules that govern how those are handled and the sharing of them so people whose houses happened to be flown over the privacy that is dated but were focused on that surveillance, watching everybody all the time. We think drones have technology that has a lot of potential to do good and really it is in everybodys interest to pin down the privacy question, put in place common sense protection and we dont have to worry about privacy, that will free Public Safety agencies to use these technologies without the clout of big brother hanging over us. Did you have something to say on that topic . This year, Boston Police department use an Online System over the marathon to monitor what was going on for secur