Market Structure Insights
August 10, 2010
What does the word “actionable” mean to you? It’s a decent name for a rock band, yes. But it means “what stuff can you do with this?” Traders want actionable data – something to drive opportunity for profit. Investor-relations professionals want actionable tools – something...
August 3, 2010
You’ve heard the saying “six of one, half-dozen of the other?” The DXY, the spot market for the US dollar, declined 7% in July. Stocks were up 7%. May was a good month for the DXY, which rose from 81 to 87, roughly. May crucified...
July 27, 2010
The saying goes that you’re better off keeping your mouth closed and looking like a fool than opening it and removing all doubt. Trading reminded us again about the wisdom in those words. We’d warned that markets showed excessive arbitrage. Arbs capture net spreads between...
July 20, 2010
We were in Lake Jackson, TX, last week for Karen’s HS reunion. South Texas is a sweat lodge this time of year, but the Saint Augustine grass lies lush and luminescent under the sycamores and live oaks. And we saw not one tar ball on...
July 13, 2010
Yesterday, I was forced to set aside comedian Dave Barry’s old book, Dave Barry is Not Taking This Sitting Down, and particularly his thoughtful essay on 1992 federal legislation imposing low-flow toilets on the American people, which produced an alarming increase in toilet-flushing-related carpel tunnel...
July 7, 2010
Prior to the 4th of July you might have heard us jeer, “That’s about as exciting as Iowa.” Passing through last weekend, we had to concede that Iowa was in fact a place of surpassing and bucolic beauty, with its rolling corn-planted hills and manicured...