This book explores various regulatory, legal, and competitive pressures that the U.
Protecting Customers and Achieving Best Execution: Issues for Retail and Institutional Brokers - analyzes various concerns relevant for retail and institutional brokers, including the evolving duty of be.
Leveling the Playing Field: Lit and Dark Trading Venues - reviews recent enforcement actions directed at Trading venues, analyzes the doctrine of regulatory immunity, and addresses a variety of other issues relevant for Trading venues 7.
HFT Regulation and Market Structure Reform - discusses the emergence of HFT regulation, including various proposals concerning restraints on Electronic trading, approaches to slowing down or mechanically restraining the Trading process, and the elimination of certain shortcuts embedded in the current Market Structure 6.
The Problem of Fragmentation and Potential Solutions - presents various issues related to the "dispersed" Trading process, analyzes different order flow allocation mechanisms, such as maker-taker and payment for order flow arrangements, and reviews potential regulatory solutions 5.
Reigniting the Order Type Debate - reviews recent order type-related rule submissions by securities exchange and discusses the nature of "undocumented" order type features and order matching engine practices 4.
Deconstructing Maker-Taker - analyzes the nature and implications of the maker-taker pricing model and discusses its role in the current Market Structure 3. 20 Predictions for the Future of the Market Structure Crisis - provides an overview of the current Market Structure crisis and offers forecasts for regulatory, legal, and commercial developments 2.
This collection of previously published and unpublished materials includes the following articles and white papers: 1. securities industry is facing as a result of the intense regulatory scrutiny of the modern Electronic marketplace and the heated public debate stirred by Flash Boys by Michael Lewis.
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This book explores various regulatory, legal, and competitive pressures that the U
