Courtesy of Tyler Durden
As usual, we present visual aids for the learning disabled (i.e., those based at 100 F Street, NE) in their Sisyphean quest of understanding a market structure that is about 20 years ahead of where the SEC currently is. Below, courtesy of William Banzai, is what the regulators would find if they could get their conflicted and confused little hands on a HFT trading terminal.