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Reply to "Robin Hood just ended trading on GameStop and AMC"
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[quote=Anonymous]enator Warren sort of talked about a tax. That is sort of a tax on the system. All the money that the high frequency crowd is taking out--they are not taking risk overnight, they are flat every day, they never lose money--all the profits they are making are coming from someone else. That might be the longer-term investors, everybody in their 401(k)s, their 529 plans, et cetera. So, we are very concerned about intraday volatility and that is why we would like to see some pilot programs to examine, can we constrain that a little bit? Can we make the markets a little deeper, a little more transparent to bring that intraday volatility in, narrow it? We do not have the answer until we try.[/quote]
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