Market Structure Insights

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...

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...

November 1, 2011

Having never gone to a Neighborhood Pumpkin-Carving, we were wistful when squirrels promptly devoured the face off our finished product (marked “easiest” in the booklet of pumpkin-carving patterns we purchased). Ah well. What some consider a jack-o-lantern others see as a meal. Speaking of scary,...

October 26, 2011

Observe. Orient. Decide. Act. OODA. This is how Pipeline Trading describes its predictive analytics for helping buyside customers identify large-block trading opportunities. For those of you who missed the news that rocked The Street this week, Pipeline, a dark pool, was fined $1 million by...

October 19, 2011

Did you see the Nicole Kidman film ten years ago called The Others? A woman becomes convinced her house is haunted. In case you’ve not seen it, I’ll save the twist, but it’s the twist that matters. Things are not as they seem. Crack WSJ...

October 12, 2011

I read this at an Occupy Wall Street site: “Let me tell you a wonderful old joke from communist times. A guy was sent from East Germany to work in Siberia. He knew his mail would be read by censors. So he told his friends:...

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