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Innovations in Trading and Technology
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09 October 2012:

Professor Michael Aitken, Chief Scientist at the CMCRC, on the Centre's new framework designed to assess market quality, with TABB's Director of Equities Research, Miranda Mizen. A description of the project from the CMCRC website: "In light of the published mandates of securities regulators around the world to attest to, and foster the efficiency and integrity of their markets, the Centre has developed a framework designed to provide an objectively verifiable basis for determining the impact of market design changes on market fairness and efficiency. For example, it allows a user to assess the incidence of prohibited trading behaviors (e.g. insider trading, market manipulation and broker-agency conflict) in a particular market, quantify its importance with a number of different measures, compare it to other markets, and importantly be able to compare a market before and after a given market design change in order to facilitate optimal market design. It also facilitates comparison across markets in order to work out whether one market is more efficient or fairer than another."

Interviewer Miranda Mizen   Source: TABB   Categories: Technology, Regulatory
Topics: Data management, Regulations, Trading technology infrastructure