Policy Writing
Comment Letter on SEC Reg NMS Reforms Proposal
Re: Regulation NMS: Minimum Pricing Increments, Access Fees, and Transparency of Better Priced Orders (Release No. 34-96494; File No. S7-30-22), January 2024. [PDF]
Discussion of ‘Would Order-by-Order Auctions be Competitive?’ at the SEC, 10th Annual Conference on Financial Market Regulation, May 2023
SEC, 10th Annual Conference on Financial Market Regulation, May 2023.
Comment Letter on SEC Retail Investor Auctions Proposal
Re: Order Competition Rule Proposal (Release No. 34-96495; File No. S7-31-22), March 2023.Discussion of ‘Would Order-by-Order Auctions be Competitive?’ at the SEC, 10th Annual Conference on Financial Market Regulation, May 2023
[PDF]
Bigger Is Better When It Comes to Vaccine Production
Coauthors: Christopher SnyderWall Street Journal, March 2021. [PDF]
Three Pillars of the Economic Policy Response to the Covid-19 Crisis
Coauthors: Anil Kashyap, Ralph Koijen, and Brent NeimanWorking Paper, March 2020. [PDF]
FCA Insight Brief Description of “Quantifying the High-Frequency Trading ‘Arms Race'”
Coauthors: Matteo Aquilina and Peter O'NeillInsight, Big Bucks from Small Change, January 2020. [PDF]
FTC Keynote Talk, How to Fix the Market for Event Tickets
FTC "That's the Ticket" Workshop on Consumer Protection Issues into the Event Tickets Market, June 11 2019.PowerPoint Slides with Speaking Notes
Slides as PDF
Slides as PDF with Speaking Notes
Response to ESMA’s Call for Evidence re Periodic Auctions
Response to ESMA’s Call for Evidence: “Periodic Auctions for Equity Instruments” (ESMA70-156-785), January 2019. [PDF]
Response to RFI on the Evolution of the U.S. Treasury Market Structure
Response to RFI on the Evolution of the U.S. Treasury Market Structure, Re: Notice Seeking Public Comment on the Evolution of the Treasury Market Structure (Docket No. TREAS-DO-2015-0013), April 2016. [PDF]
Comment Letter on Proposed Commission Interpretation of One Millisecond as De Minimis
Re: Proposed Commission Interpretation Regarding Automated Quotations Under Regulation NMS (Release No. 34-77407; File No. S7-03-16), April 2016. [PDF]
IEX Comment Letter
Re: Investors’ Exchange LLC Form 1 Application (Release No. 34-75925; File No. 10-222), February 2016. [PDF]
