Time to Return to Yesteryear?

Perhaps this thought should be shelved next to the idea that the world would have been better off adopting the Beta format instead of VHS. When the industry decided with its feet to move to an order-driven market, the role of specialists and market-makers disappeared and along with them their responsibility to maintain fair and orderly markets. In their place came the high-frequency traders (HFTs), who, according to the industry watchers, are responsible for the lion's share of the liquidity on