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

The $2 billion loss at JPMorgan Chase (JPM) has reopened debate on the Volcker rule. The proponents of the rule have seized on the story as proof that the Volcker rule is necessary and should be quickly put into effect by regulation. In reality, however, if the facts are as thus far reported, what happened at JPMorgan is proof that the Volcker rule is unworkable and should be repealed. 

It’s depressing to watch, but it is missing the point that the Volcker rule would not have prevented the loss and is probably unworkable.

Losing money is embarrassing. And an embarrassed Jamie Dimon publicly admitted that J.P. Morgan Chase goofed. Three senior executives lost their jobs as a result. But politicians and regulators in Washington are rushing to leverage the bank's misfortune for their own gain.

A review of developments concerning the use of trading models that have emergedsince the original version of this monograph was published.

A number of factors comprise an investor’s concept of the "best execution" of an order to buy or sell securities. For some, it is the best price, but others may value quick execution, anonymity, and certainty of execution. This conference, the third in AEI’s series on the securities market structure,...

If we hope to have a viable banking industry in the future, the Volcker Rule - among many other provisions of the Dodd-Frank should be revisited now.

The European Commission should address a key weakness of the ISD--the so-called "regulated markets" concept--which may be used by national authorities as a protectionist weapon.