Contents
Foreword by Former U.S. Senator Ted Kaufman
Why Has Our Stock Market Structure Changed So Drastically?
Why Have We Allowed This to Happen?
Will There Be Another Market Crash?
Chapter 2 The Curtain Pulled Back on High Frequency Trading
What Is High Frequency Trading, and Who Is Doing It?
Market Making Rebate Arbitrage
Market Structure and Latency Arbitrage
How the World Began to Learn About HFT
The SEC’s Round Table on Equity Market Structure—or Sal Goes to Washington
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