Benjamin ConnaultinBoxes + LinesTen Expert Reports that Fueled the Market Data Wars, Part III: March 2015 — January 2020…Part 3/3: Ohio v. Amex, platform theory, the NSX battlefront, and where we go from hereJul 9, 2020Jul 9, 2020
Benjamin ConnaultinBoxes + LinesTen Expert Reports that Fueled the Market Data Wars, Part II: January 2011 — March 2015 (ArcaBook…Part 2/3: Effective-upon-filing change, ArcaBook II, recent D.C. Circuit decision, and non-market-based considerationsJul 8, 2020Jul 8, 2020
Benjamin ConnaultinBoxes + LinesTen Expert Reports that Fueled the Market Data Wars, Part I: December 1999 — January 2011 (Early…Beginnings of the Market Data Wars, ArcaBook I, and foundational theories.Jul 7, 2020Jul 7, 2020
Benjamin ConnaultinBoxes + LinesPrice Discovery During Market Wide Circuit Breakers (Part 2)How does price discovery work on secondary venues and across venues? What does the end of a MWCB halt look like? And conclusion.May 19, 2020May 19, 2020
Benjamin ConnaultinBoxes + LinesPrice Discovery During Market Wide Circuit Breakers (Part 1)This is the first part of a two-part series of market structure blog posts. Feedback and suggestions more than welcome at…May 14, 2020May 14, 2020
Benjamin ConnaultinBoxes + Lines2019 in U.S. Equity Market StructureBetween market data, consolidation and competition, market-making/market-taking, the Transaction Fee Pilot and the SIPs, 2019 was an…Jan 13, 2020Jan 13, 2020
Benjamin ConnaultinBoxes + LinesAcademic Research Takes Center Stage at IEXby Benjamin Connault and Elaine WahNov 25, 2019Nov 25, 2019