HKS Affiliated Authors

Excerpt

The Next Stock Market Shutdown Could Be Much Worse. Hal Scott, August 16, 2015, Opinion. "The three-hour shutdown of the New York Stock Exchange last month made headlines world-wide. Despite the brief calamity, investors emerged largely unharmed, because the technical glitch was with the NYSE’s trading platform. The outcome would have been very different had the problem been with the exchange’s consolidated public market data feed—the live feed that lets traders and investors see public bid and ask prices, the price and time of the last trade, and other crucial information... " Link