Mary Jo White’s announcement yesterday that high-frequency trading, dark pools and the industry around the avant-garde in market structure are now officially under review brought us some sports analogies.
On a damp morning in mid-January, Michel Thetaz’s shaved legs churned the pedals of his Scott Sports carbon fiber bike down a Majorca road. The Swiss millionaire was at the Spanish vacation destination for a three- day business trip.
Norway’s Thor Hushovd won stage three of the Tour de France, a 132-mile ride partly over cobblestones. Fabian Cancellara retook the yellow jersey from Sylvain Chavanel, who was slowed by two punctures.