The Market Structure Map
February 27, 2013
I got a kick out of that movie, Night at the Museum. Yes, it’s old, and no, we haven’t seen any of the movies that contended alongside Argo for Best Picture this year. But there were several times yesterday as clients reported results in a...
February 20, 2013
Is it diluted? That’s what everybody wants to know about the market. Are gains for broad equity measures, seemingly epic like my skiing Saturday at Copper Mountain, real or watered down? That’s actually not our story this week. But we’re so fascinated by what market...
February 13, 2013
Ever set an unrealistic goal? There’s the joke about the Bedouin wandering the desert lost and parched who finds a genie. She grants three wishes. He asks to always have water, to be surrounded by females, and to be clothed in raiment as fine as...
February 6, 2013
What if? Those two words branded with a question mark may rank 2nd all-time behind “what is the meaning of life?” What if…public companies could set spreads in their own trades? Before we ponder that, let’s tip hats to IROs Moriah Shilton at Tessera Technology...
January 30, 2013
You can wet a finger and run it on the rim of a glass, producing a hum. Sustained, that frequency can shatter glass. Do high-speed markets have resonant frequency? In April 1850 the Angers Bridge over the Maine River in France collapsed, killing 226 French...
January 23, 2013
Don’t forget to write your letters, folks! Which letters? See last week’s Market Structure Map on prompting the NYSE or the NASDAQ to file a rule for better data. Speaking of rule-filings, here’s an example. Last week ahead of an SEC review deadline, NYSE Arca,...