Today's post Dodd-Frank environment contains a number of supposedly more stringent controls on the markets.
By Jason Scharfman
This month marks the 25th anniversary of Black Monday, a tragic event when fortunes were lost for most, and made for some. When an incident such as the Dow plunging on October 19, 1987occurs, people often demand swift action. The ensuing change can be quite public and broad. Despite the media and regulatory fanfare that occurred after reports of algorithmic trading gone wild on Black Monday, one can still quite reasonably pose the question: Are markets more protected today than we were in 1987?