At this conference, we will assess whether high frequency trading (HFT) has been good or bad for the securities markets and investors.

Institutional investors in the United States are constantly trying to reduce their trading costs, and the SEC should encourage any innovation that may reduce these costs.

At an AEI conference last June, Professor Kenneth M. Lehn and his colleagues presented a ground-breaking paper that compared the effect of market stress—when the markets receive new positive or negative information—on the bid-ask spreads in the NYSE, NASDAQ, and the electronic communications networks (ECNs). The June paper indicated that...

The explosive growth of Electronic Communications Networks (ECNs)--computerized venues for trading securities--has forced the New York Stock Exchange and NASDAQ to alter their visions of the future and has raised fundamental questions about how securities markets should be structured and regulated. This conference will review the changes that seem...

The SEC’s concept release emphasizes that market structure should favor long-term investors over short-term investors.

Online registration for this event is closed. Walk-in registration will be accepted.

Few investors know that when they ask their broker for a current price of a New York Stock Exchange (NYSE) or NASDAQ stock, the broker is paying for this data and that the revenue from the sale...

The author introduces Frank Hatheway and Peter Martyn of NASDAQ and highlights the complexities of trading stocks electronically.

TheSEC's proposed Regulation NMS (National Market System) serves no purpose and certainly does not amount to desirable market structure reform.