The FOMC Interest Rate Hike
PreMarket Prep
00:00
Limit Up Limit Down Is a Band Aid Right?
I think that limit up limit down as a practice and I said this from the beginning is a band aid right it's to cover up problems in markets. We don't have the kind of market-making diversity that we used to have today all we have are speed traders, they're very simplistic strategies so some rule changes can make a dent in that. If you address root cause issues like complexity and fragility you can get away from limit up limitdown which is just a band aid because they couldn't address the fundamental problems of the flash crash.
Play episode from 53:13
Transcript
