stems from our probe of border types a number of which benefit high frequency traders sounder air con sader is here to help us read through this and speaking of high frequency trading australia is clamping down on australian media outlets report federal officials announced changes to market rules including mandatory kill switches for algorithmic trading to avoid you know us style flash crash down under our other countries ahead of the new was a small disgust and navigating the post-election economy i moderated a panel on the issue take a look behind me malden economics featuring john malden bloomberg wrote for yammer own pimco c.e.o. mohamed el larry and barry ritholtz and more we'll play some highlights from the sideline and let's get to today's capital account. take a look at this according to the wall street journal today in this article federal securities regulators are stepping up oversight of stock exchanges as they scramble to catch up to trading advantages that some say have developed for sophisticated clients at the expense of ordinary investors now i bet you can guess who those so

all right we are talking to eric heiden sader founder of mannix who literally watches markets down to the nano second and sees all of the manipulative behavior going on by high frequency trading firms or at least some of it look that's that's kind of the evolution of high frequency trading sped up so before the break we were really focused on the u.s. now the u.s. you say is behind you say it's not even it's insulting that it's behind us so far behind that i don't even know what to call it australia just unveiled new rules for algo trading and for dark pools and they include mandatory kill switches. they want to avoid a flash crash like the us had two thousand and ten meanwhile the us is still catching up from the flash crash in years later but what about this proposal for like a kill switch because we've heard a call for that in the us in the s.c.c. call for that is that something we should have or are there unintended consequences that would make it bad well first of all that's networking want to want the fact that we don't have them in the first place is that the whole topic why wo