This article examines how the market turmoil of September to November 2008 affected trading
costs in general performance, and algo performance in particular. It also examines how …

One of the most important decisions a trader has to make is how aggressively to execute. The
right execution aggressiveness depends critically on short-term alpha. This article uses the …

Bonds are traded in over-the-counter markets, where opacity and fragmentation imply large
transaction costs for retail investors. Is there something special about bonds, in contrast to …

… We thank Mark Gurliacci from the NYSE for providing us with the specialist data and
Vincent Tang and Julia Henker for excellent research assistance. Financial support from the …

I analyze market-order execution quality using order-based data reported in accordance
with Securities and Exchange Commission Rule 11Ac1-5. These data facilitate a …

Bonds are traded in opaque and fragmented over-the-counter markets. Is there something
special about bonds precluding transparent limit-order markets? Historical experience …

Although the budgetary calendar does not expire for another seven months, the Treasurer's
Office is already making preparations for its New Year. According to Allan Sauer, Budget …

In his Chatfield opening comments, noted that Senator Joseph McCarthy provokes much
interest among college students even to this day. He referred to the subject of the night as" …

By Lisa Koenig" This looks like a successful year for the class of 1981 in both employment
and graduate studies," Cheryl Ives of the Career Counseling Office (CCO) reports. The office …

We examine how the confusion and regulatory uncertainty generated by the imposition of
draconian short sale restrictions in September 2008 impacted equity option markets. We …