Market Structure Insights

December 1, 2010

A note on trading today: The dollar dropped out of the gate this morning, buoying stocks. Talk about soft dollars. The price of shares is a construct of the Fed at present. Anyway, after sharing the Hyatt in downtown Seattle with the Kansas City Chiefs...

November 24, 2010

Here in Spokane, the landscape is bleak and wintry, the temperature hovering at ten above. Crisp! Before we gather round our well-laid tables (in America at least) Thursday and give thanks, let’s weigh on the scales of investor-relations justice this insider-trading scandal soaking print ink....

November 16, 2010

Blaise Pascal, the 17th century French brainiac, is reputed once to have said in a post script: “I’d have written a shorter letter, but I didn’t have time.” We wonder what Pascal would think of the 523-page Final Rule for Regulation National Market System (Reg...

November 9, 2010

Should we ban nakedness? The SEC thinks so. Continuing a raft of rules in response to the Flash Crash, the commissioners voted last week to restrict “naked access,” or trading at somebody else’s terminal. Executives and IR professionals, you’ll get questions. Your shares are affected...

November 2, 2010

We can’t compete with beat-by-beat election updates, so we’ll keep it short and sweet. Speaking of sweet, we came back last night from six days in the desert trinity—Moab, Sedona, Santa Fe. Hard to beat this time of year! You heard the one about two...

October 26, 2010

If you want a belly laugh and a breath of fresh air, read John Cochrane’s oped on the treasury secretary in today’s Wall Street Journal. Speaking of news, a common headline in web news strings for clients is: “Preparing for (fillintheblank’s) Earnings Announcement with an...

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