JPM CFO Ruth Porat on high-frequency trading and regulation from Milken

http://hedge.ly/1m2zMWU

“We think we are pretty close to it. We have meaningfully reduced risk related assets…we have also made investments in technology. So as the industry’s moving more to central clearing, we feel we were early. And at the forefront of that and that sets us up well for the new regulatory environment, so we do think we are close. We still have more work to do — you can see it in our ROE, but we are getting there.”