© 2017

Rapidly Changing Securities Markets

Who Are the Initiators?

  • Robert A. Schwartz
  • John Aidan Byrne
  • Eileen Stempel

Table of contents

  1. Front Matter
    Pages i-xi
  2. Robert Schwartz, Doug Clark, David Krell, Kenneth Pasternak, Adam Sussman
    Pages 15-32
  3. Michael Pagano, Janet Angstadt, Tom Gira, Bill Harts, Keith Ross, Robert Shapiro
    Pages 45-59
  4. Harold Bradley
    Pages 61-79
  5. Brett Redfearn, Kevin Callahan, George Kledaras, Timothy J. Mahoney, Joseph M. Mecane, Joe Ratterman
    Pages 81-96
  6. Nina Mehta, Stephen Bookbinder, Chris Concannon, Cheryl Knopp, William O’Brien, Neal Wolkoff
    Pages 97-112

About this book


This book offers a look at equity markets and what they have experienced since the 1997 Order Handling Rules were instituted. Specifically, it examines the tremendous technology innovation, intensified competition between an expanding set of alternative trading venues, and continuing regulatory changes that have occurred. Who have been the key initiators? How has market quality evolved over this period in response? What further structural and regulatory changes are still needed? These are among the key questions addressed in the volume, titled after the Baruch College Financial Markets Conference entitled Rapidly Changing Securities Markets: Who are the Initiators?  

The Zicklin School of Business Financial Markets Series presents the insights emerging from a sequence of conferences hosted by the Zicklin School at Baruch College for industry professionals, regulators, and scholars. Much more than historical documents, the transcripts from the conferences are edited for clarity, perspective and context; material and comments from subsequent interviews with the panelists and speakers are integrated for a complete thematic presentation. Each book is focused on a well delineated topic, but all deliver broader insights into the quality and efficiency of the U.S. equity markets and the dynamic forces changing them.


Equity Markets Order Handling Rules Alternative Trading System Market Structure Strategy Market Structure Regulation Market Technology Market Quality Price Discovery

Editors and affiliations

  • Robert A. Schwartz
    • 1
  • John Aidan Byrne
    • 2
  • Eileen Stempel
    • 3
  1. 1.Zicklin School of BusinessBaruch College/CUNYNew YorkUSA
  2. 2.RockawayUSA
  3. 3.Zicklin School of BusinessBaruch College/CUNYNew YorkUSA

Bibliographic information

Industry Sectors
Finance, Business & Banking