indexit, about the suggestions in your letter
Something I've always wanted to see is an identification system viewable by the public so that we can see who's doing the buying and selling. In the kind of system I'm envisioning, every time a trade is made the trade is coded to indicate the class of the trader (i.e., retail investor, mutual fund, hedge fund, pension fund, specialist,etc) and this data would be compiled by a centralized system and then released A real time system would be ideal, but probably not possible. But even an end of day system would be OK with me.
Also, I'd like to see a system where an individual can clearly see at any given moment the order imbalances that you mention in your letter.
I realize that both of these wishes are a pipe dream, but I just thought I'd share my thoughts.
And I like your letter. More people need to stand up and say "I'm mad as hell, and I'm not going to take it anymore." |
