Better, More Effective, Safer Markets Now: Chilton

The transcript discusses high frequency trading, its impact on market efficiency, and the need for appropriate regulation. It critiques Michael Lewis's portrayal of traders as pariahs and emphasizes their role in markets. The conversation covers market structure, the proliferation of trading venues, and the importance of transparency to restore trust. It compares regulatory models, highlighting the need for harmonization, and outlines future regulatory needs, including capital and margin requirements.

What has Mr. Chilton been advocating for in relation to high-frequency trading?

• Higher fees for retail investors

• More regulation for high-frequency trading

• Complete ban on high-frequency trading

• Increased market volatility

What is a common misconception about high-frequency traders according to the discussion?

• They increase transparency

• They are essential for market liquidity

• They are considered pariahs

• They reduce market efficiency

What is one of the main challenges with having 45 different trading venues?

• Improved market efficiency

• Lack of market consolidation

• Higher trading costs

• Increased transparency

What is suggested as a way to regain public trust in the markets?

• Reducing the number of trading venues

• Implementing stricter trading fees

• Eliminating high-frequency trading

• Increasing transparency

What regulatory approach does the London model rely on?

• Complete deregulation

• Centralized market control

• Laissez-faire principle-based regulation

• Strict rule-based regulation