TD Ameritrade Called Out For Conflicts in Senate Hearing

Conflicts of interest were the watchword of the day in Capital Hill testimony on high frequency trading today, as exchanges and dark pools were questioned about their practices. Bradley Katsuyama: HFT a national threat Testifying before the Senate’s Permanent Subcommittee on Investigations, appropriately under the Homeland Security and Government Affairs banner as HFT is considered a national security issue, was Bradley Katsuyama, founder of the IEX Exchange and hero of the book Flash Boys. Katsuyama wastestifying in the first panel, separated from protagonists in the second panel, including Joseph Ratterman, the CEO of BATS Global Markets.  Readers will recall the…