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June 02, 2010
Brattle Senior Advisor Michael Goldstein Participated in SEC Roundtable on Securities Market Structure Issues and High Frequency Trading

Brattle senior advisor Michael Goldstein, a professor of finance at Babson College and a member of the Financial Industry Regulatory Authority (FINRA) Economic Advisory Board, participated in the Securities and Exchange Commission’s June 2, 2010 public roundtable to examine securities market structure issues. The roundtable featured in-depth discussions from more than two dozen experts on key issues such as high frequency trading, undisplayed liquidity, and the appropriate metrics for evaluating market structure performance. Professor Goldstein’s panel discussion focused on high frequency trading and the role that it may have played in the May 6, 2010 “flash crash” on Wall Street. While there was some disagreement among the panelists about the value of high frequency trading, Professor Goldstein explained that stock trades are now taking place in microseconds and called for the introduction of new speed limits for trading. The SEC roundtable received extensive media coverage and Professor Goldstein was quoted in Financial Times and the LA Times.

Michael A. Goldstein
Academic Advisor
Babson College
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