Wall Street pros still feel investors are playing on a tilted field, though they're less concerned about unfairness than they were a year ago, a new poll asserts.
Convergex, a New York-based brokerage that periodically takes the Street's pulse on a variety of issues, found that 57 percent of 245 "financial industry participants" believe "markets are not fair for all participants."
While still a high number, it is well below the 70 percent who said so last April, at the peak of the "Flash Boys" frenzy when author Michael Lewis asserted that markets are "rigged" due to high-frequency trading firms that exploit systemic weaknesses.
"You could say that it seems at least among market participants that the house isn't on fire." Convergex CEO Eric Noll said during a conference call Thursday. "However, with more than half of the people still believing there is unfairness in the market structure, that remains a very large concern of mine and other people who participate in the market."