The New Stock Market: Sense and Nonsense
Thursday, May 14th
Our Co-Director and Columbia Business School S. Sloan Colt Professor of Banking and Finance, Larry Glosten, will present “The New Stock Market: Sense and Nonsense” (with Merritt Fox and Gabriel Rauterberg). This paper provides an analytic framework for addressing issues raised by Flash Boys. Based on a detailed discussion of the extent to which markets are rigged, the paper provides some preliminary suggestions for regulatory reform.
The paper is available at http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2580002