Regulators and policy makers, facing a complicated, fast-paced and quickly evolving marketplace, require new tools and decision aides to inform policy. Agent-based models, which are capable of capturing the organization of exchanges, intricacies of market mechanisms, and the heterogeneity of...

The technological advancement of financial markets has allowed for trade to move to being nearly entirely electronic, with the majority of trades placed by automated participants. This has resulted in drastic increases in the quantity and complexity of regulatory data. The processing and...