REGULATING HIGH-FREQUENCY TRADING: AN EXAMINATION OF U.S. EQUITY MARKET STRUCTURE IN LIGHT OF THE MAY 6, 2010 FLASH CRASH
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REGULATING HIGH-FREQUENCY TRADING: AN EXAMINATION OF U.S. EQUITY MARKET STRUCTURE IN LIGHT OF THE MAY 6, 2010 FLASH CRASH – The market structure for U.S. equities has changed dramatically over the past few years. A mere decade ago, the majority of stock trades were handled manually on the floor of the exchange where the stock was listed. However, advances in technology and regulatory reforms have drastically changed the landscape of trading. Today, the vast majority of stock orders are executed by highly automated trading systems that use complex algorithms to make trading decisions at lightning speed. As a result, t
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