Larry Tabb, Can also be Reg NMS Getting Repaired?

Jennifer Victoria Christine Deana, Paradigm Shifts Unintended Effects: The latest Loss of The Specialist, The rise From High-frequency Exchange, The problem Off Obligation-Free Liquidity During the Security )(noting you to definitely “Reg. NMS was rather profitable” as “an upswing regarding electronic places improved battle and you will shorter transaction will set you back,” but that the resulting “explosion of venues and got unintended effects-consequences that are running up against the an effective purposes of your own federal industry program mandate.”), available at