The striking gap in odd-lot price improvement proves the value of disclosure, says Chris Nagy, who launched the trading-quality consultancy KOR Group, after running TD Ameritrade’s order-routing unit. “Next quarter, those numbers are going to be much, much better” as brokers respond, Nagy predicts. “Transparency can make a world of difference in trading behavior and […]
“Far too many investors are already concerned that our critical trading technology infrastructure is held together by dangling wires and duct tape,” Dave Lauer, co-founder and chief technology officer of Kor Group LLC, wrote in an e-mail Wednesday. “Today definitely doesn’t help dispel that fear.” https://www.bloomberg.com/news/articles/2015-07-08/nyse-halt-shows-complexity-s-curse-and-its-potential-blessings
Healthy Markets’ Chairman, Dave Lauer, was invited to speak at the very first meeting of the SEC’s Equity Market Structure Advisory Committee. In his remarks, Lauer offered detailed analysis of several issues confronting investors and regulators. Source: https://www.sec.gov/comments/265-29/26529-15.pdf
“Nagy, who with KOR partner Dave Lauer founded the nonprofit market structure reform group Healthy Markets, said in January that all four of the SEC’s commissioners had told him they supported 605/606 reforms” https://www.law360.com/articles/654239/sec-commissioner-urges-action-on-maker-taker-disclosure
“Lauer (who has founded Healthy Markets, a nonprofit advocacy group for market structure reform) and others have described what is needed: take the data from the equities, futures, and options market, including dark pools and hidden orders, then have everyone synchronize their clocks to the microsecond, so everyone is on the same time.” https://www.cnbc.com/id/102607337
“It’s about modernizing metrics and rules on how you measure market quality,” said David Lauer “If we all get together, we can push for reasonable reforms,” said Lauer. “We want to influence that discussion.” … The new website was created to bring “public and key financial services firms together to agree on a core set of […]
