Market Structure Matters.™

Founded by HFT whistleblower Haim Bodek,
Decimus Capital Markets, LLC specializes in the inner workings of US equities markets.

The adverse impact of controversial HFT-oriented order types upon the institutional investor is now a center stage topic in the US equities market structure debate.

"Bodek is credited with drawing international attention to order types in the US financial markets that he says gave unfair advantage to high-frequency traders" - Futures and Options World, October 2013

FEB 2014 - PODCAST
Discussing HFT with Haim Bodek,
The Loopcast

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FEB 2014 - RESEARCH
The Maker-Taker Pricing Model and Its Impact on Securities Market Structure:A Can of Worms for Securities Fraud?
Stanislav Dolgopolov

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NOV 2013 - DOCUMENTARY
The Wall Street Code,
Marije Meerman,
VPRO Backlight

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SEP 2013 - RESEARCH
HFT, Order Types, and the Evolution of Securities Market Structure,
Stanislav Dolgopolov,
UCLA School of Law

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APR 2013 - ARTICLE
Exchange Order Types Prompt Fears of HFT Conspiracy,
Laurie Carver,
Risk Magazine

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APR 2013 - ARTICLE
SEC Eyes Order Type Development,
Tom Steinert-Threlkeld,
Traders Magazine

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JAN 2013 - ARTICLE
Out of Order,
Tom Steinert-Threlkeld,
Traders Magazine

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FEB 2013 - PRESENTATION
HFT Is An Artifical Industry,
Haim Bodek,
TradeTech Presentation

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JAN 2013 - BOOK
The Problem of HFT,
Haim Bodek,
Decimus Capital Markets

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DEC 2012 - INTERVIEW
Haim Bodek on Transparency of Order Types,
Haim Bodek & Kelly Hushin,
TradeTech Interview
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NOV 2012 - ARTICLE
Exchanges Get Close Inspection,
Scott Patterson & Jean Eaglesham,
Wall Street Journal
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OCT 2012 - ARTICLE
Analysis: Complaints Rise Over Complex U.S. Stock Orders,
Herbert Lash,
Reuters
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SEP 2012 - INTERVIEW
Whistleblower: HFT is Predatory,
Haim Bodek & Scott Wapner,
Fast Money Interview
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SEP 2012 - ARTICLE
For Superfast Stock Traders, a Way to Jump Ahead in Line,
Scott Patterson & Jenny Strasburg,
Wall Street Journal
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JUN 2012 - BOOK
Dark Pools,
Scott Patterson,
Crown Business
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APR 2012 - ARTICLE
SEC Probes Ties to High-Speed Traders
Jean Eaglesham, Jenny Strasburg & Scott Patterson,
Wall Street Journal
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FEB 2012 - ARTICLE
SEC Reviewing U.S. Trading Practices After Decade-Long Shift to Automation,
Nina Mehta & Josh Gallu,
Bloomberg
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We can help institutional investors leverage their execution services providers to effectively interact with HFT-oriented market venues where special order types designed for HFT strategies are prevalent.


We can assist in identifying and correcting conditions of inferior execution associated with the usage of order types commonly used by institutional investors, as well as advise on fiduciary ramifications.


Please use our contact form to learn more about our offerings.