Category Archives: Coasian Solution

Coasian Solution

Knight’s Pleas for a Do-Over Thankfully Fell on Deaf Ears

From the WSJ:  SEC Nixed Knight’s Plea for a Do-Over From a policy perspective, what’s the best response if a market participant’s computer software goes awry and places a flurry of unintended orders?  Should they have the right to retroactively … Continue reading

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