◦NASDAQ will begin Pre-Market trading at 4:00 A.M. (versus current 7:00 A.M.)
◦The change in system hours will take place no earlier than March 18, 2013, and the effective date will be confirmed pending filing with the SEC.
NYT: Mr. Kirilenko, who is about to leave the C.F.T.C. for an academic position at the Massachusetts Institute of Technology, presented a draft of the paper at a C.F.T.C. conference last week. He said that the markets were a “zero sum game” in which the high-speed profits came at the expense of other traders.”