Gary Gensler, the newly minted Chair of the Securities and Exchange Commission, testified recently that he will seek a deep dive into the market structure of the United States Equity Markets. My ...

My most recent article failed to fully explain my idea of the contribution of financial futures to the evolution of financial market structure. It is easy to misinterpret that article as an argument ...

In December last year the Securities and Exchange Commission made four proposals to change US market structure. The proposals that were put for comment included updating Rule 605 which covers data ...