Welcome to Capital Account. An EU parliament committee voted unanimously to back tighter restrictions on banks’ trading activities, including a proposed curb on high frequency trading. We talk to our guest David Greenberg, former NYMEX board member, about where the United States stands on high frequency trading.
Also, oil rebounded from the lowest close in almost two months, supposedly on speculation that China will take stimulus measures. We have gone from $50 a barrel in 2007 to above $90 in just a few years. We ask David Greenberg about what really changed that may have exacerbated this rise in the price of oil in the last 5 years.
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Lauren Lyster will you marry me?
At 0:06, it’s quadruple Lauren Lyster!
I’m sure that the vote to back tighter restrictions on banks’ trading activities is going to be ignored by the others or if not, the banks are going to use their tricks to bypass these.