Special Presenter: Charles Collver, SEC Office of Analytics and Research
In the aftermath of the Flash Crash in 2010, it became clear that technology has progressed so far and so fast that the traditional market surveillance systems of our chief regulator had been unable to keep pace. While the industry waits for the development of a consolidated audit trail system that would capture customer and order event information across markets, the SEC acquired a market data and analysis solution system called MIDAS, an acronym for Market Information Data Analytics System, in June 2012.