Predatory High Frequency Trading: A CALL TO ACTION SERIES-Conclusion

Sorry for the delay in posting but there were some technical issues with my blog page that took some time to correct. This is the final entry of the series. Please visit my prior Predatory High Frequency Trading blogs for more information. The Good News As we discussed in my last series entry, more regulation and government antics are unlikely to bring about real change in an acceptable period of time. Red tape and politics have their place, but when it comes to real and lasting change in free market systems the only effective defense is usually a free market based solution. This is especially true with predatory HFT, since its very complexity makes it difficult to understand and mitigate. Such a complex subject as high frequency trading could’ve made for a dry, boring book; but Michael Lewis’s Flash Boys was a great read! It had all the elements of any great story including villains and heroes locked in a battle against time to save the world (or something like that). It’s written with enough dramatic flair that it captures your imagination and informs with enough detail that most will be able to understand even the most complex parts of the story. I encourage you to pick up Flash Boys if you want to know the whole story. Now let’s talk about the solutions as I see them and how you can become part of the solution with just a pen or a few key strokes. We Need A Hero! Although some of characterizations in the book may be a little over the top, Brad Katsuyama and team seem like the real deal. Mr. Katsuyama is the talented young Wall Street...

Happy Earth Day Socialpreneurs!

Shad Khan on what it takes to be a real success. Today I attended a talk featuring Jacksonville Jaguars owner Shad Khan. Forbes recently dedicated a cover to him calling him a “great American success story.” It’s truly inspiring to see what he’s accomplished since he came to the United States when he was sixteen. He’s obviously worked hard and made many good choices to attain such a high level of financial success so I was excited to hear what he had to say. I assumed I would be in for a pretty typical talk about business success. You know work hard, work smart, develop great networks, etc. and YOU TOO can be successful! Instead, I was surprised and pleased to learn that we share similar core business philosophies. When asked what traits a great entrepreneur must have he said any great entrepreneur he’s encountered had two common traits, “…1) they want to make money and 2) they want to make a difference.” I call this type of entrepreneur a “socialpreneur” and I’m proud to say that my company, Synergy Asset Strategies, was formed out of my desire to do exactly what he said, make money (after all my family can’t live on love alone) and make a difference in the community I hold so dear. I’m by no means alone. Since I founded the Northeast Florida chapter of the Green Chamber of the South a couple of years ago, I’ve discovered that there are many local business owners that share this intent. Still it was encouraging to hear from someone as successful as Mr. Khan that we are...