What kind of things, you ask? This paper is based on a chapter of my dissertation at the University of Utah. I wish to thank my committee members Hendrik Bessembinder (co-chair), Michael Cooper (co-chair), Michael Halling, Rachel Hayes, and Kumar Venkataraman for their guidance and generosity with their time. Others who have provided insightful feedback include Shmuel Baruch, Jonathan Brogaard, Patrick Kane, Madhuparna Kolay, Gideon Saar (the editor), Nitish Sinha, Jeff Smith, Chris Stanton, and Laura Tuttle. I have also received helpful comments from seminar participants at the University of Utah, Lehigh University, the FDIC, and the SEC. I thank NASDAQ and Frank Hatheway for supplying the HFT data.
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