Anatomy of a Trade

The Equity Markets Association hosted a briefing on Capitol Hill with an overview of U.S. equity markets, market participants, regulatory structure and how trade orders are executed.
The briefing for staff of the House Financial Services Committee and staff of lawmakers who serve on the committee was designed to provide visibility into how trades are executed, from retail investors trading through online services to market makers.
Stacey Cunningham, chief operating officer of the NYSE Group, and Frank Hatheway, NASDAQ’s chief economist, led the discussion into the mechanics of how trade orders are executed.

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