Market Structure Insights

June 28, 2011

Stocks go up and down. Nothing new there. The dollar dropped for a second straight day today. Stocks are again up, like they were yesterday. The dollar gained ground last Wed-Fri, and stocks fell. This week marks the end of the month and quarter. We...

June 21, 2011

We’re back from NIRI National! Orlando sweltered like you’d expect a swamp in central Florida in June might. We heard 1,300 were on hand, up triple digits from last year. There were new faces in the crowd and new vendor names, though big ones were...

June 7, 2011

Coming to NIRI National 2011 next week? Please visit us at Booth 304! We have no helicopter rides or trips to the Bahamas to give, but we do have a really cool microfiber for keeping those ubiquitous touchscreen pads and smartphones sharp. June launched by...

June 1, 2011

It’s a question that burns in the minds of IROs daily. No, not that one. This one: “Will an ISO post to the Nasdaq if the TIF modifier is one other than an IOC?” Sentences like that are why alcoholism remains widespread. It’s also the...

May 24, 2011

Want to know about dark pools? Join the NIRI Virtual Chapter at noon eastern time Wednesday May 25. I’m moderating the discussion. The all-star panel includes Nicole Olson of storied dark pool Liquidnet; Adam Sussman of expert market-structure research firm TABB Group; and Joe Saluzzi...

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...

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