Seems to me that speed limits have limited effect on accidents involving car traffic – will it have any effect on data traffic?
According to Bloomberg’s Jonathan Morgan, restrictions on the minimum time orders must be held in German equity markets would do little to increase safety, the nation’s exchanges said as lawmakers debated proposed legislation.
“The political, easily understandable argument that the introduction of a speed limit leads to more safety on the road is not applicable one-to-one to the capital markets,” Stefan Mai, head of market policy and European public affairs at Deutsche Boerse AG (DB1), said in a phone interview yesterday. “It will just introduce more complexity. Imagine an Autobahn with traffic lights every 2 kilometers. Will it slow traffic down? No. Because when the lights are green, traffic will race anew.”
Lawmakers are scheduled to hold a public meeting at 2 p.m. today in Berlin to discuss curbs on high-frequency trading, with remedies up for debate including one that orders must be kept in the…
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