BRIAN W

BRIAN W. LEITEBrian W. Leite is the author and editor of the Market Structure Dictionary. He is also a market structure specialist and divisional VP for ModernIR, a market structure analytics firm. In that role, Brian utilizes his twenty years of institut... "If a buyside trader tells me to 'participate but do not initiate," how aggressive should I be?" "At what point will relatively high transaction costs alter a portfolio manager's decision to trade?" "To what extent do high frequency traders impact liquidity?" "What impact do dramatic and far-reaching rule changes such as Reg NMS have on the price formation process?"