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Goldman Shutting Proprietary Trading


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Is not just about every bond desk just a big prop trading operation. I for one would like to see fixed income mkts move to a open transaparent platform. I would also like to see HFT be outlawed nano second bids and offers are foolish the specialist system which existed for decades previously was a corrupt system some described it as a lisence to steal but it was a highly regulated den of thieves. The markets have devolved into an exchange of thousands of pick pockets all furiously attempting to lift every one elses wallet . I do not think this  is what Adam Smith was referencing when he talked about the Invisible Hand

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