Market Structure Matters.™

Markets and Regulation

We help our clients navigate the complexity of the security industry's market structure and relevant regulatory risks. Our clients leverage our expertise through customized research reports and consulting services addressing market structure and its regulation, with an emphasis on competitive, regulatory, and technological pressures that shape the rapidly evolving US equities landscape.

Premium Research Reports

Forthcoming: The Market Structure Crisis in the U.S. Securities Industry: Navigating the Regulatory Uncertainty and the Continuing Assault on High-Frequency Trading (October 2014)

This report provide guidance relating to the current market structure crisis and potential regulatory risks and opportunities - with the emphasis on the continuing assault on high-frequency trading. The report covers such topics as regulatory risks borne by industry players and implications for investors, suppliers, and customers, regulation of fragmentation, regulation of proprietary trading and "sand in the wheels," regulation of market data distribution, regulatory issues for different types of trading venues, regulatory issues for agency brokerage, regulation of market makers, and the evolving landscapes for litigation, enforcement, and compliance.

Market Structure Crisis-Research Report Outline
Full Report Available October 2014


Note: This premium research report includes one hour executive summary and Q&A webinar or conference call with authors to address specific areas of interest.

October 2014Haim Bodek, Stanislav Dolgopolov$6000

Please use our contact form or email us at to register your firm's interest in this premium research product.

Market Structure and Regulatory Risk Consulting

Our solution is provided as a consulting services package that is custom-designed for each client. In addition, your organization may take advantage of our research reports that provide a balanced overview of focused issues, as well as broader concepts, and developments. We also assist our clients in following regulatory initiatives and debates, and participating in the public comment process.

Electronic Trading

  • High Frequency Trading
  • Proprietary and Agency Trading
  • Market Making
  • Trading Infrastructure
  • Competing Business Models

Trading Venues

  • Securities Exchanges
  • Dark Pools & Other Trading Platforms
  • Reform-Oriented Trading Venues
  • Fragmentation
  • Internalization
  • Data Feeds

Risk Management

  • Electronic Trading Risk Control Assessment
  • Electronic Trading Risk Management
  • Portfolio Risk Management Solutions
  • Electronic Trading Compliance Audits
  • Portfolio Manager Risk Control

Trading Mechanisms

  • Order Types
  • Access Fees and Rebates
  • Order Routing
  • Payment for Order Flow
  • Best Execution

Regulatory Developments

  • Congressional Hearings
  • SEC & CFTC Rulemaking
  • SRO Rules
  • Trading Platforms' Rules

Client Types

  • Broker-Dealers
  • Private Equity Firms
  • Regulators
  • Lawyers and Investigators
  • Asset Managers

Rates: Market structure and regulatory risk consulting rates range from $450 per hour to $1,000 per hour depending on length of engagement and staff allocated. Please contact us for daily rates and project-based rate alternatives.

For More Information:

To discuss how we can help your financial institution leverage our expert domain knowledge and human capital, please use our contact form, email us at, or call us at 203 359 2625. Inquiries are held in strict confidence.