..., offering size, investor sophistication) and ensuring fair disclosure and fair access to information (i.e., usage, type, depth, pricing, channels). It concludes with a discussion of alternative approaches to tiering transparency and access rules, including issuer-driven, investor-driven, and market-driven...

... deleterious trading (such as financial transaction taxes) or limit its negative externalities. The chapter ends with an assessment of how policy makers might adapt to automation through policies that promote fair disclosure and flexible access to information flows. Automation Flash Crash of May 6 2010 May 6...