Staff Papers and Analyses

Working papers in the series were prepared in full or in part by SEC staff economists in the Division of Economic and Risk Analysis. They investigate a broad range of issues relevant to the Commission's mission and are disseminated to stimulate discussion and critical comment to the benefit of the public. DERA Working Papers are preliminary materials that have not been approved by the Commission and reflect only the views of the author(s).

White papers and analyses are prepared by SEC staff in the course of rulemaking and other Commission initiatives. Some of these materials are available elsewhere on the Commission website.

Staff Papers and Analyses RSS Feed
Date Title Type
Analysis of PM Cash-Settled Index Option Pilots (PDF)
Studies and Reports
U.S. Credit Markets Interconnectedness and the Effects of the COVID-19 Economic Shock(PDF)
Studies and Reports
Report to Congress on Regulation A / Regulation D Performance(PDF)
Studies and Reports
U.S. Investors' Exposure to Domestic Chinese Issuers(PDF)
Studies and Reports
DERA Memorandum regarding Cornerstone Analysis of the Option Penny Pilot Program(PDF)
Studies and Reports
DERA Memorandum regarding Cornerstone August 24 LULD Analysis (PDF)
Studies and Reports
DERA Memorandum regarding Cornerstone Analysis of Long-Lasting Straddle States(PDF)
Studies and Reports
Bats Market Close: Off-Exchange Closing Volume and Price Discovery(PDF)
Studies and Reports
Access to Capital and Market Liquidity(PDF)

This report to Congress includes an examination of initial public offerings and crowdfunding by small companies.

 Studies and Reports
FINRA’s Pilot Program Amending Minimum Quotation Size Requirements for OTC Equity Securities(PDF)
Studies and Reports
Risk Adjustment and Haircut Schedules
 Studies and Reports
Inventory risk management by dealers in the single-name credit default swap market(PDF)
Studies and Reports
Analysis of post-trade transparency under the CFTC regime(PDF)
Studies and Reports
Demand and Supply of Safe Assets in the Economy(PDF)
Studies and Reports
Municipal Money Market Funds Exposure to Parents of Guarantors(PDF)
Studies and Reports
Liquidity Cost During Crisis Periods(PDF)
Studies and Reports
Government Money Market Fund Exposure to Non-Government Securities(PDF)
Studies and Reports
Money Market Fund Study: Response to Questions Posed by Commissioners Aguilar, Paredes, and Gallagher (Experience through the Financial Crisis, Efficacy of 2010 Reforms, and Potential Economic Effects of Future Reforms)
 Studies and Reports
Economic Effects of Proposed Rule Changes by NYSE Arca, Inc. to List and Trade Shares of the JPM XF Physical Copper Trust (SR-NYSEArca-2012-28) and the iShares Copper Trust (SR-NYSEArca-2012-66)(PDF)
Studies and Reports
FINRA Proposal to Reduce Minimum Quotation Size in OTC Market Tiers(PDF)
Studies and Reports
Information Regarding Activities and Positions of Participants in the Single-Name Credit Default Swap Market(PDF)
Studies and Reports
Impact of Recent Regulation SHO Rule Changes on Fails to Deliver (Updates with Additional Data the Analysis Dated November 4, 2009)(PDF)
Studies and Reports
Security-Based Swap Block Trade Definition Analysis(PDF)
Studies and Reports
Share Ownership and Holding Period Patterns in 13F data(PDF)
Studies and Reports
Impact of Recent Regulation SHO Rule Changes on Fails to Deliver (Elimination of the Options Market Maker (OMM) Exception in Rule 203 of Regulation SHO, and Implementation of Interim Final Temporary Rule 204T and Permanent Rule 204)(PDF)
Studies and Reports
Study of the Sarbanes-Oxley Act of 2002 Section 404 Internal Control over Financial Reporting Requirements
 Studies and Reports
Analysis of the July 2008 Emergency Order Requiring a Pre-borrow on Short Sales(PDF)
Studies and Reports
Analysis of a Short Sale Price Test Using Intraday Quote and Trade Data(PDF)
Studies and Reports
Analysis of Short Selling Activity during the First Weeks of September 2008(PDF)
Studies and Reports
Impact of Recent Regulation SHO Rule Changes on Fails to Deliver (Elimination of the Options Market Maker (OMM) Exception in Rule 203 of Regulation SHO and Implementation of Interim Final Temporary Rule 204T)(PDF)
Studies and Reports
Impact of Recent Regulation SHO Amendment on Fails to Deliver (Elimination of the Grandfather Exception in Rule 203 of Regulation SHO)(PDF)
Studies and Reports
Fails to Deliver Statistics in Threshold Securities(PDF)
Studies and Reports
Economic Analysis of the Short Sale Price Restrictions under the Regulation SHO Pilot
 Studies and Reports
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