We examine NASD compliance with the Securities and Exchange Commission's (SEC) mandate that all trades be reported within 90 seconds of completion and in sequence. We find a substantial number of out-of-sequence trades both on an absolute level and when compared to out-of-sequence reporting on...

Equity mutual fund data from 1976-1993 is used to test hypotheses that distinguish window dressing from performance hedging. No significant difference is found pre/post 1983 in the number of funds choosing non-December fiscal year ends or in the percentage of dollars invested when comparing...

"With augmented demands on power grids resulting in longer and larger blackouts combined with heightened concerns of terrorist attacks, trading institutions and policy makers have widened their search for systems that avoid market failure during these disturbing events. We provide insight into...