Market Structure Insights
May 17, 2011
NBBO would be a good name for a rock band. But it stands for “National Best Bid or Offer.” It also appears to be some kind of joke, because everyone tries to avoid it. The NBBO stems from legislation passed in 1975 by Congress to...
May 10, 2011
Maybe we should leave more often. Out just one week, and both silver and Osama Bin Laden’s house go on the auction block. Sunday night after flying back from Antigua by way of Newark, I reviewed a week’s worth of client stock alerts for perspective....
April 26, 2011
I am the doofus on camera that I feared I was. Fortunately, Lou Cordone, head of Thomson Advisory Services is not a doofus, so we balanced out. We said last week we’d have big news about the Issuer Data Initiative? Thomson Reuters heard about the...
April 19, 2011
You’ve asked about the Issuer Data Initiative – this effort with you to roll back the dark cloud of mystery that has fallen upon the data about your equity trading: We’re getting big helping hands. I’m in NYC this week for that reason. Hope to...
April 14, 2011
Sorry to keep you waiting this week! When the amount I’ve got to do confronts the limited intellectual capacity I’ve got, what happens is stuff takes longer. I just splashed through verdant Cincinnati, where spring runoff sluices from the hills and household names adorn the...
April 5, 2011
What if some mathematical calculations in the market are just there to get a reaction? Traders have not to my knowledge named them “Charlie Sheen.” But alert reader Walt Schuplak at the Market Intelligence Group in New York sent an item about rogue algorithms. Our friend...