John Thain on Bloomberg TV: dark pools should be CLOSED
John Thain–chairman and CEO of CIT Group, former CEO of Merrill Lynch and former CEO of NYSE–sat down for a wide-ranging interview with Bloomberg Television’s Erik Schatzker and Stephanie Ruhle on “Market Makers” yesterday.
Thain said that there is too much fragmentation and insufficient transparency in the stock market and that dark pools should be eliminated.
Thain went on to speak about bank compensation, saying that pay and talent can emphasize risk management and that
“I don’t think so. I think that the Fed will simply slow down their buying. As I said, long-term rates already are anticipating it. They’ll go up. The curve will get steeper…I think the market will be fine without it.”