Charges Fly on CNBC Over Rigged Markets

Traders on Floor of NYSE Stop Trading to Listen to High Frequency Trading Debate on CNBC Following Michael Lewis' Charges on 60 Minutes That the Market Is Rigged

During this past Sunday evening’s 60 Minutes segment on how high frequency traders in combination with stock exchanges selling high-speed access have rigged the stock market, one stock exchange was called out by name: BATS. The program explored charges made in bestselling author, Michael Lewis’ new book, “Flash Boys.”

Yesterday, the President of BATS Global Markets, Inc., William (Bill) O’Brien appeared on CNBC to debate Michael Lewis and the young entrepreneur featured in his book, Brad Katsuyama, who has opened the IEX trading platform that promises to level the playing field by putting in speed bumps that slow down high frequency traders.

O’Brien came out of the gate hurling charges at Lewis and Katsuyama for making false accusations, spreading fear,

’60 Minutes’ tv report- Stock Market rigged by insiders

Posted on March 31, 2014 by V.K. Durham

Well since it has made it to 60 Minutes, maybe just maybe all of lamestream is ready to shift gears? However, this feels bigger than that because I wonder what reaction this will cause from any of the stock holders still out there! Is this perhaps something in the plan, to bring the old system to an end? Or just another way to hack into these robotic black boxes to “frontrun”more victims? -A.M.

(Before It’s News)
The bombshell ’60 Minutes’ report below just released last night will shake Wall Street to its core. Exposing that Wall Street is rigged to the benefit of certain insiders who have made BILLIONS of dollars via computerized trading, this report should bring Wall Street to its knees.