CFA Magazine Articles

Sep/Oct 2011 Issue:
Can the J-shaped liquidity curve write a presciption for price impact?

July/August 2011 Issue:
Regulatory Call Risk in Trust Preferred Securities

Jan/Feb 2011 Issue:
Staying a Step Ahead.

Sep/October 2010 Issue:
CFA Magazine:  Dennis Dick discusses the cause of the Flash Crash.

July/August 2010 Issue:
The Tracks of My Tiers: Trading profitably in a two-tiered market structure.

May/June 2010 Issue:
Will the Trade-At Rule Fix the Sub-pennying Problem?

Jan/Feb 2010 Issue:
The Hidden Cost of "Sub-Pennying"

Trading Defenders in the Media

April 19, 2011
Zerohedge:  Exploring the Hidden Costs of Price Improvement.

Mar 15, 2011
Reuters:  Nasdaq nears rival bid for NYSE.

Feb 25, 2011
WSJ:  Direct Edge to Stop 'Flashing' Orders.

Jan 10, 2011
WatersTechnology:  Predatory Algorithms on the Prowl.

Dec 17, 2010
Reuters:  Special Report:  For Wall Street, Dumb money pays.

July 17, 2010
Traders Magazine:  Traders give proposed Trade-at rule thumbs up.

June 15, 2010
Alphaville:  All eyes on broker-dealer internalization.

June 1, 2010
Senator Kaufman - Statement about concerns of unbalanced roundtable discussion.

May 12, 2010
Business Insider - Check out What Legal Front-Running Looks Like Second-To-Second

May 12, 2010
Wall Street Letter - Equity Concept Release Reactions Turn to Dow Drop Cause

May 7, 2010
Minyanville.com - The Morning After the Crash

May 7, 2010
Dow Jones - High-Frequency Trading Firm Getco:  We Kept Trading Thursday

May 7, 2010
Zero Hedge - The Day The Market Almost Died

April 23, 2010
Zero Hedge - Another Blatant Example of Sub-Penny Frontrunning by Broker-Dealers

April 8, 2010
Zero Hedge - How "Sub-Pennying" In Dark Pools Ignores SEC Rule 612, Makes a Mockery of the NBBO.

April 5, 2010
Markets Media Online - Possible Solutions to the Sub-pennying Problem

March 11, 2010
Forbes - 10 Ways Electronic Breaches Could Blindside Global Finance

Feb 9, 2010
Wall Street Journal - Critics Say Sub-penny Pricing Could Fragment Stock Trade

Jan 7, 2010
Zero Hedge - HFT Market Making May Lead to a Crash

Comments to our Regulators

June 24, 2010
Bright Trading responds to SEC roundtable, discusses "toxicity" of public order flow due to broker-dealer internalization.

May 6, 2010
Predatory Market Making May Have Led to Crash.

April 26, 2010
Front-running order flow by using undisplayed trading centers.

March 24, 2010
Bright Trading - 51 page report on our concerns with the market structure.


































Subscribe to our FREE email newsletter:
Membership is free and you can cancel at anytime. Your email will remain entirely confidential.

Name: 

Email: