(this has got to be just a sick joke- a lame dope who was sent out by the elite bankers back at some obscure made up gathering back in 2010 to be the sacrificial lamb. and they think he somehow has "BALLS" to come out and say this ???
) It really should piss off a whole lot of people, back then if true, and especially now. 
The Father Of High Speed Trading Speaks: "The Market We Created Is A Casino; A Complete Mess; A Rigged Game"
"I must confess to you that I was an ardent proponent of bringing technology to trading and brokerage. Unfortunately, I only saw the good sides. I saw how electronic trading and record-keeping could be used to force people to be more honest, to make the process more efficient, to lower transaction costs and to bring liquidity to the markets. I did not see the forces of fragmentation and the opportunity for people to use technology to keep to the letter but avoid the spirit of the rules -- creating the current crisis."
He gazed out at his audience. Peterffy wasn't shocked to see the stern faces, the shaking heads and averted eyes. He was certain that he'd become their enemy -- and he had little hope that they would listen. The computer-trading elite would never admit that the markets they'd created were deeply flawed. Still, he kept hammering away.
"It is vitally important that we bring an end to this crisis of trust before it spreads any further. That we bring back order, fair dealing, and trust in the marketplace. The financial markets of ... the world's developed countries are at a turning point. Technology, market structure, and new products have evolved more quickly than our capacity to understand or control them. The result has been a series of crises over the past few years that have caused many investors to lose confidence or to think that the whole system is a rigged game."
After Peterffy finished speaking, there was silence. Then a scattered hand clap. And then the room burst into loud applause.
Everyone realized: Peterffy had actually done it -- he'd come out and said what so many were thinking, what they all knew deep down. The market was a complete mess. And the old guy was the only one with the balls to stand up there and call a spade a spade.
http://www.zerohedge...ess-rigged-game
