“The SEC staffer argued that it was unfair that high-frequency traders couldn’t post phony bids and offers on the exchanges to extract information from actual investors without running the risk of having to stand by them.”

Source: Flash Boys (2014), p. 105

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American writer 1960

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“Who best
Bear his mild yoke, they serve him best: his state
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Source: On His Blindness (1652)

“Who best
Bear his mild yoke, they serve him best: his state
Is kingly; thousands at his bidding speed,
And post o'er land and ocean without rest;
They also serve who only stand and wait.”

John Milton (1608–1674) English epic poet

On His Blindness (1652)

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“Exchange, fair or unfair, always presupposes and includes the rule of the bourgeoisie.”

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“The SEC staffer argued that it was unfair that high-frequency traders couldn’t post phony bids and offers on the exchanges to extract information from actual investors without running the risk of having to stand by them.”

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Michael Lewis40

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