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Published: Thu, 29 Oct 2009
Description: FBN's Rich Edson breaks down details of the house version of health-care reform.
Automatically Generated Transcript (may not be 100% accurate)
" Evolution in both technology and trading do markets need tighter restrictions. A lot tighter. Our next guest thinks so joining us now is Delaware senator Ted Kaufmann senator thank you for being in here. Though much of the talk and may be additional regulation is focused on dark pools what are trading venues. Operated by firms like Credit -- that don't display ordered to the public and it all sounds very spooky and bad but what is that evidence. That -- evolution in trading are bad and her. All investor."
" That's it I think it's a good person -- and I think that the key thing is that one of the basic. Principles and everything we have to do in terms of markets and why they established the SEC MS is that. We've got to have transparency of what's going on and it has to be fair. And while dark pools and high previously trading other help liquidity and I am all for helping -- It cannot it's gotta be transparent it's gotta be fair. And right now dark -- make up somewhere between 712% all the markets. There's that we went from two markets senators have fifty. So I'm not saying that what prescription isn't that much regulation -- what I'm saying is we have to take a hard look out. And fortunately the this Thursday's commission I send Mary Schapiro -- transmission along better just face and saying. Let's review these things in my at a massive changes taking place they're going to do that I was very pleased that Jack Reed yesterday in the chairman reed of experience -- right testified just like. Since they're going to look at this thing out -- very pleased to senator Schumer from New York talked about market surveillance. Of all crisis that's really where we're gone I don't think anybody is the stage to say. You know too much specific about what regulate we need to how much we need but we do need to look at."
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