Market Structure Insights
April 14, 2011
Sorry to keep you waiting this week! When the amount I’ve got to do confronts the limited intellectual capacity I’ve got, what happens is stuff takes longer. I just splashed through verdant Cincinnati, where spring runoff sluices from the hills and household names adorn the...
April 5, 2011
What if some mathematical calculations in the market are just there to get a reaction? Traders have not to my knowledge named them “Charlie Sheen.” But alert reader Walt Schuplak at the Market Intelligence Group in New York sent an item about rogue algorithms. Our...
March 29, 2011
Karen and I are getting in boat shape ahead of a trip to Antigua (Motto: “Don’t ever say the name ‘Allen Stanford’ around here”). But we’ve encountered obstacles to the cycling part of the regimen: Wind and fire. One more, such as earth, and we’ve...
March 22, 2011
Would you shrink your share base by 90%? What if it cleared noise out of your trading? NOTE: See the update on the Issuer Data Initiative at bottom. Citigroup, market cap $129 billion, plans to trim its 29 billion shares with a 1-for-10 reverse split....
March 15, 2011
The Ides of March today carries an air of foreboding that dates to Julius Caesar’s demise in 44 BC. Before Brutus colored the day red, Romans did on the Ides what any other urbane culture might: They feted Mars, god of war. It feels lately...
March 8, 2011
Don’t pass Go. I will give $200 to the first person who correctly answers two questions. Only corporate IROs may answer. Apologies to the rest, but you’ll see why. Corporate IR pros, look up and write down your trading volume on March 4. First question:...