NASDAQ CEO Robert Greifeld is going to be a no-show at an important hearing coming up. The hearing will be to address among other things why and how the volume of HFT has tripled over recent years.
Greifeld apparently has declined to testify. He knows how the rent is getting paid so that’s a optically astute decision, however much I loathe politics in the markets.
The bigger issue I have is that in not showing up he has vocalized very clearly that he is not concerned in the least about the investing public.
Time for a new NASDAQ CEO.
In the meantime, you can listen to the podcast I did with Scott Patterson, the author of the linked article and author of a great new book called Dark Pools.