Release on Equity Market Structure ”

We are a group of scientists and business people who share a common interest in the application to financial systems of a scientific methodology called agent-based modeling (ABM). We believe this methodology represents a scientifically validated and powerful tool to facilitate the Commission’s regulation of equity markets. We believe that its use would enable the Commission to make scientifically informed responses to questions posed in the Release and to anticipate both the intended and unintended consequences of proposed regulations. We also note that a number of other agencies of government now successfully employ this type of science.