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Integrity of Market Regulation

  • Ken Lehn
  • Eric Budish
  • Deanna Dobrowsky
  • Tom Gira
  • Eric Swanson
  • Steve Wunsch
Chapter
Part of the Zicklin School of Business Financial Markets Series book series (CUNY)

Abstract

We have a great divergence of fascinating views on this panel and, I must add, from a variety of organizations in the financial services sector. As you know, the SEC published a Concept Release which is a part of the agency’s review of the existing structure of securities markets. In tandem with this initiative, the SEC raised this question: Is market regulation keeping pace with changes in technology and trading practices? High-frequency trading (HFT) is one of the areas it specifically singled out. The SEC asked for comments on whether high-frequency trading is a problem. And the agency, having identified some problems, asked if a new set of regulatory initiatives is required.

Copyright information

© Springer Nature Switzerland AG 2019

Authors and Affiliations

  • Ken Lehn
    • 1
  • Eric Budish
    • 2
  • Deanna Dobrowsky
    • 3
  • Tom Gira
    • 4
  • Eric Swanson
    • 5
  • Steve Wunsch
    • 6
  1. 1.Katz Graduate School of Business, University of PittsburghPittsburghUSA
  2. 2.Booth School of Business – University of ChicagoChicagoUSA
  3. 3.IIROCTorontoCanada
  4. 4.FINRAWashington, DCUSA
  5. 5.BATS Global Markets, Inc.LenexaUSA
  6. 6.Wunsch Auction Associates, LLCNew YorkUSA

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