Has technology really helped the U.S. equities market? Has the development of over 50 or so trading venues benefited investors and market structure or has it hurt?
Market consultancy Greenwich Associates in its latest report examined the effects of technology and electronic innovation on the current market structure. And according to Greenwich, warnings that market fragmentation is undermining the efficiency and even the stability of U.S. equity markets are more myth than reality-but they are also important.
