Stanislav Dolgopolov

Decimus Capital Markets, LLC

Chief Regulatory Officer

SCHOLARLY PAPERS

18

DOWNLOADS
Rank 6,510

SSRN RANKINGS

Top 6,510

in Total Papers Downloads

10,001

SSRN CITATIONS
Rank 47,192

SSRN RANKINGS

Top 47,192

in Total Papers Citations

8

CROSSREF CITATIONS

6

Scholarly Papers (18)

1.

Insider Trading and the Bid-Ask Spread: A Critical Evaluation of Adverse Selection in Market Making

Capital University Law Review, Vol. 33, pp. 83-180, 2004
Number of pages: 98 Posted: 12 Dec 2003
Stanislav Dolgopolov
Decimus Capital Markets, LLC
Downloads 2,101 (11,025)
Citation 1

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Insider Trading, Adverse Selection, Bid-Ask Spread, Market Microstructure

2.

High-Frequency Trading, Order Types, and the Evolution of the Securities Market Structure: One Whistleblower's Consequences for Securities Regulation

University of Illinois Journal of Law, Technology & Policy, Vol. 2014, pp. 145-175, 2014
Number of pages: 31 Posted: 22 Aug 2013 Last Revised: 09 May 2014
Stanislav Dolgopolov
Decimus Capital Markets, LLC
Downloads 1,690 (15,556)
Citation 1

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high-frequency trading, order types, civil liability, regulatory immunity, market makers, best execution

3.

The Maker-Taker Pricing Model and Its Impact on the Securities Market Structure: A Can of Worms for Securities Fraud?

Virginia Law & Business Review, Vol. 8, No. 2, pp. 231-272, 2014
Number of pages: 42 Posted: 24 Feb 2014 Last Revised: 08 Sep 2014
Stanislav Dolgopolov
Decimus Capital Markets, LLC
Downloads 1,249 (24,485)
Citation 1

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securities fraud, pricing models, best execution, market manipulation, order types, market makers

4.

The Market Structure Crisis: Electronic Stock Markets, High Frequency Trading, and Dark Pools

The Market Structure Crisis: Electronic Stock Markets, High Frequency Trading, and Dark Pools, Decimus Capital Markets, LLC, November 2015
Number of pages: 33 Posted: 06 Apr 2016 Last Revised: 08 Apr 2016
Haim Bodek and Stanislav Dolgopolov
Decimus Capital Markets, LLC and Decimus Capital Markets, LLC
Downloads 669 (58,206)
Citation 1

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market structure crisis, securities markets, HFT, securities exchanges, dark pools

5.

Insider Trading, Chinese Walls, and Brokerage Commissions: The Origins of Modern Regulation of Information Flows in Securities Markets

Journal of Law, Economics and Policy, Vol. 4, No. 2, pp. 311-368, 2008
Number of pages: 58 Posted: 17 Apr 2006 Last Revised: 10 Jun 2008
Stanislav Dolgopolov
Decimus Capital Markets, LLC
Downloads 614 (65,036)

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Insider Trading, Chinese Walls, Brokerage Commissions, Securities Exchanges, Financial Intermediaries

6.

Wholesaling Best Execution: How Entangled Are Off-Exchange Market Makers?

Virginia Law & Business Review, Vol. 11, pp. 149-199, 2016
Number of pages: 51 Posted: 10 Mar 2016 Last Revised: 13 Nov 2016
Stanislav Dolgopolov
Decimus Capital Markets, LLC
Downloads 557 (73,525)
Citation 1

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off-exchange market makers, best execution, order handling, order routing, conflicts of interest

7.

Securities Fraud Embedded in the Market Structure Crisis: High-Frequency Traders as Primary Violators

William & Mary Business Law Review, Vol. 9, No. 3, pp. 551-596, 2018
Number of pages: 46 Posted: 05 Jun 2017 Last Revised: 13 May 2018
Stanislav Dolgopolov
Decimus Capital Markets, LLC
Downloads 530 (78,156)

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High-Frequency Trading, Securities Fraud, Liability, Market Manipulation

8.

Regulating Merchants of Liquidity: Market Making from Crowded Floors to High-Frequency Trading

University of Pennsylvania Journal of Business Law, Vol. 18, No. 3, pp. 651-732, 2016
Number of pages: 82 Posted: 21 Oct 2015 Last Revised: 17 Jul 2016
Stanislav Dolgopolov
Decimus Capital Markets, LLC
Downloads 420 (103,235)

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regulation, market makers, liquidity, high-frequency trading, externalities, adverse selection, opportunism

9.

Off-Exchange Market Makers and Their Best Execution Obligations: An Evolving Mixture of Market Reform, Regulatory Enforcement, and Litigation

NYU Journal of Law & Business, Vol. 17, No. 3, pp. 477-545, 2021
Number of pages: 70 Posted: 18 Feb 2021 Last Revised: 27 Aug 2021
Stanislav Dolgopolov
Decimus Capital Markets, LLC
Downloads 406 (107,306)

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off-exchange market makers, best execution, market data infrastructure, MiFID II, payment for order flow, price improvement

10.

The Doctrinal Quandary of Manipulative Practices in Securities Markets: Artificial Pricing, Price Discovery, and Liquidity Provision

Journal of Corporation Law, Vol. 45, No. 1, pp. 1-64, 2019
Number of pages: 64 Posted: 24 Aug 2019 Last Revised: 06 Apr 2020
Stanislav Dolgopolov
Decimus Capital Markets, LLC
Downloads 403 (108,247)

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market manipulation, artificial pricing, price discovery, liquidity provision, spoofing / layering, market structure crisis

11.

Insider Trading, Informed Trading, and Market Making: Liquidity of Securities Markets in the Zero-Sum Game

William & Mary Business Law Review, Vol. 3, No. 1, pp. 1-57, 2012
Number of pages: 57 Posted: 07 Mar 2011 Last Revised: 23 Mar 2012
Stanislav Dolgopolov
Decimus Capital Markets, LLC
Downloads 400 (109,214)
Citation 1

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Insider Trading, Informed Trading, Market Makers, Market Liquidity, Regulation

12.

Providing Liquidity in a High-Frequency World: Trading Obligations and Privileges of Market Makers and a Private Right of Action

Brooklyn Journal of Corporate, Financial, & Commercial Law, Vol. 7, No. 2, pp. 303-360, 2013
Number of pages: 58 Posted: 01 Apr 2012 Last Revised: 11 Mar 2014
Stanislav Dolgopolov
Decimus Capital Markets, LLC
Downloads 270 (166,410)
Citation 2

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Market Makers, Trading Obligations and Privileges, Private Right of Action, Securities Regulation, High-Frequency Trading

13.

A Two-Sided Loyalty?: Exploring the Boundaries of Fiduciary Duties of Market Makers

U.C. Davis Business Law Journal, Vol. 12, No. 1, pp. 31-64, 2011
Number of pages: 34 Posted: 31 Aug 2011 Last Revised: 24 May 2012
Stanislav Dolgopolov
Decimus Capital Markets, LLC
Downloads 185 (237,254)

Abstract:

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Fiduciary Duties, Market Makers, Securities Markets

14.

Risks and Hedges of Providing Liquidity in Complex Securities: The Impact of Insider Trading on Options Market Makers

Fordham Journal of Corporate & Financial Law, Vol. 15, No. 2, pp. 387-438, 2010
Number of pages: 52 Posted: 24 Sep 2008 Last Revised: 05 Mar 2010
Stanislav Dolgopolov
Decimus Capital Markets, LLC
Downloads 184 (238,407)

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Insider Trading, Derivatives, Options, Options Market Makers, Inventory Management, Fraud-on-the-Market

15.

Linking the Securities Market Structure and Capital Formation: Incentives for Market Makers?

University of Pennsylvania Journal of Business Law, Vol. 16, No. 1, pp. 1-55, 2013
Number of pages: 55 Posted: 03 Nov 2012 Last Revised: 11 Mar 2014
Stanislav Dolgopolov
Decimus Capital Markets, LLC
Downloads 163 (264,328)
Citation 2

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market makers, capital formation, incentives, compensation arrangements




16.

Insider Trading

THE CONCISE ENCYCLOPEDIA OF ECONOMICS, David R. Henderson, ed., pp. 276-281, 2007
Number of pages: 8 Posted: 24 Nov 2008 Last Revised: 05 May 2011
Stanislav Dolgopolov
Decimus Capital Markets, LLC
Downloads 91 (403,269)

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Insider Trading, Securities Regulation, Market Efficiency, Corporate Governance, Transaction Costs, Executive Compensation

17.

In Madoff’s Shadow: Reflecting on the Trajectory of the Regulatory Environment for Off-Exchange Market Makers

Medium, August 27, 2021
Number of pages: 11 Posted: 01 Sep 2021
Stanislav Dolgopolov
Decimus Capital Markets, LLC
Downloads 38 (612,485)

Abstract:

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payment for order flow, order flow arrangements, front-running, informational advantages, best execution, price improvement, the tick size regime

18.

Legal Liability for Fraud in the Evolving Architecture of Securities Markets: From Marketplaces to Traders

GLOBAL ALGORITHMIC CAPITAL MARKETS: HIGH FREQUENCY TRADING, DARK POOLS, AND REGULATORY CHALLENGES, Walter Mattli, ed., pp. 260-279, 2019, DOI:10.1093/oso/9780198829461.003.0010, reproduced by permission of Oxford University Press
Number of pages: 21 Posted: 08 Mar 2021
Stanislav Dolgopolov
Decimus Capital Markets, LLC
Downloads 31 (655,187)

Abstract:

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securities fraud, liability, high-frequency trading, informational asymmetry, the order type controversy