The Market Structure Crisis: Electronic Stock Trading, High Frequency Trading, and Dark Pools

This book explores various regulatory, legal, and competitive pressures that the U.S. securities industry is facing as a result of the intense regulatory scrutiny of the modern electronic marketplace.


This collection of previously published and unpublished materials includes the following articles and white papers:
1. 20 Predictions for the Future of the Market Structure Crisis
2. Deconstructing Maker-Taker
3. Reigniting the Order Type Debate
4. The Problem of Fragmentation and Potential Solutions
5. HFT Regulation and Market Structure Reform
6. Leveling the Playing Field: Lit and Dark Trading Venues
7. Protecting Customers and Achieving Best Execution: Issues for Retail and Institutional Brokers
8. Litigation and the Impact of Enforcement: The Market Structure Perspective
9. Public Comment Letter on Several Order Type-Related Modifications Proposed by the New York Stock Exchange
10. The Flash Boys Lawsuit: The End of the Beginning?