Market Structure Insights

June 14, 2017

Florida reminded us of high-speed traders.  I’ll explain. An energized audience and the best attendance since 2012 marked NIRI National, the investor-relations annual confab held last week, this year in Orlando. We spent the whole conference in the spacious and biggest-ever ModernIR booth right at...

June 7, 2017

EDITORIAL NOTE: Whew! It’s 11pm here in Orlando (this view just off the patio at Highball & Harvest, The Ritz, Grand Lakes), and NIRI National, the annual confab for investor-relations professionals, has wrapped. The bars at the JW Marriott and Ritz Carlton Grand Lakes are...

May 31, 2017

We’re back from the Belizean reef, living like pirates among the stars. Refreshing! When your home is this, and your view is that, and sweet critters are resident below, even I can forget about market structure. But not for long!  While we sailed with phones...

May 17, 2017

“What’s eye are?  I haven’t seen that acronym.” So said a friend unfamiliar with this arcane profession at public companies responsible for Wall Street relationships.  IR, for you investors who don’t know, is the role that coordinates earnings calls and builds the shareholder base behind...

May 10, 2017

I’ve seen at least four Wall Street Journal stories in May alone about a quiescent VIX. The CBOE’s volatility index derived from options pricing on the S&P 500 hit a low Monday last seen in Dec 1993, the WSJ said (subscription required). It moved lower...

May 3, 2017

“Earnings beat expectations but revenues missed.” Variations on this theme pervade the business airwaves here during earnings, currently at fever pitch.  Stocks bounce around in response. Soaring heights, crushing depths, and instances where stocks moved opposite of what the company expected. Why? Well, everyone is...

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