Market Structure Insights
August 10, 2016
Alert reader Raj Mehan at Steelcase forwarded a piece from the Wall Street Journal about traders now aiming with machines to execute stock-market transactions near light-speed. Why the rush? Companies take flak for “short-termism” that’s a quarter long and yet regulators and traders and academics...
August 3, 2016
I was high-frequency traded by a travel site. Had that happen? You web-search a place and pricing and there’s no availability for the date you want so you check elsewhere and suddenly there’s vacancy – but now it costs more so you better act fast! ...
July 27, 2016
Is index-investing the death knell for investor relations? According to S&P Dow Jones – which, you REITs, will be breaking out your sector from Financials Aug 31, as will MSCI – over the ten years ended Dec 2015 a staggering 98% of all active investment...
July 20, 2016
The market message appears to be: If you want to know the rest, buy the rights. While rival Nintendo is banking on Pokemon Go, Sony bought the rights to Michael Jackson’s music catalog for an eye-popping $750 million. This may explain the sudden evaporation of...
July 13, 2016
The biggest risk to an arbitrager is a runaway market. Let me frame that statement with backstory. I consider it our mission to help you understand market behavior. The biggest currently is arbitrage – taking advantage of price-differences. Insert that phrase wherever you see the...
July 6, 2016
If money leaves, how is it stocks rise? After all, most suppose the market is premised on buying leading to higher prices and selling producing lower ones. And humanity has also held through the ages that a thing seeming too good to be true probably...