Market Structure Insights
January 4, 2012
Happy New Year! If the holidays this year seemed sweeter, the air more welcome to the well-caroled note, it’s probably because I’ve been quiet for two straight weeks. And with good reason. The lovely KQ and I winged southward with fellow wayfarers for time over...
December 13, 2011
Editorial Note: This Market Structure Map first ran June 29, 2010. It’s reprinting because Tim Quast is following the lead of congresspersons by taking a “fact-finding junket” aboard a sailing vessel off the coast of Belize. It’s in the public interest. Oscar Wilde said that...
December 9, 2011
Say you were playing poker. I don’t mean gambling, but real cards. You’re engaged with some seriousness. You’re watching how you bet and when, reading the players ahead and after you. Then The House starts doling out stacks of chips. Would you play more or...
November 29, 2011
Belated Happy Thanksgiving! After breaking for a week as an act of giving thanks, we’re back. Karen and I joined 88,622 others in Aggieland at Kyle Field in College Station for the A&M football game last Thursday versus the Texas Longhorns. Disappointing outcome, great Thanksgiving....
November 16, 2011
Apparently, exchanges are not bastions of deep liquidity. In a bombshell dropped at a congressional hearing yesterday, top executives for the NYSE and the Nasdaq proposed – to borrow from humorist Dave Barry, we SWEAR we are not making this up – that you pay...
November 9, 2011
There’s a saying: It’s easier to keep the cat in the bag than to get it back in there once you’ve let it out. Nobody is likely to stuff the Exchange Traded Fund (ETF) cat back in the bag. Because ETFs are miraculous. The biblical...