“There is no doubt anymore that our modern market structure has problems. Nobody with a fully functioning frontal lobe will tell you that it doesn’t. Still, as obvious as it is that things are broken, many of us disagree on exactly what is broken and how to go about fixing it. This diversity of opinions is natural and healthy but not necessarily productive.

“One common refrain is that regulators have fallen behind technologically and that they have a lot of catching up to do. Again, this is a point that few will argue, even if many would also say that catch-up is an impossible game to play. I’d probably agree with that, but that doesn’t mean that regulators shouldn’t at least try to “co-evolve” with a complex industry that is itself in a state of constant evolution.

“Today, market structure issues are a critical deterrent for the average person — although few would phrase it this way. They would say things like “I don’t understand the market,” “it’s too volatile,” “I’ve been burned too many times,” “it’s a casino where anything goes, and nobody is being held accountable.” These concerns tell the dual story of an ailing market structure and a toothless regulatory body.”

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Read full Huffington Post blog post here