Market Structure Insights

August 13, 2014

Know the song by OMC?  Jumped into the Chevy. Headed for big lights. Wanna know the rest? Hey, buy the rights.  How bizarre, how bizarre… The market-structure mashup recently took a somewhat bizarre turn. InterContinental Exchange, owner of the NYSE, bought the rights to high-speed...

August 6, 2014

Some would argue I should’ve hit him. Only kidding! But let me tell you a story.  I was driving yesterday and saw approaching from the left at a good clip on a skateboard some lout on the sidewalk in backward cap and shorts, head down...

July 30, 2014

I’ve made South Dakota jokes – “fly-over state,” “waste of dirt that could have been used making Colorado larger,” etc.  Not again. It’s but six hours by car from Denver and we love road trips, so we put a junket to Mount Rushmore on the...

July 23, 2014

What if exchanges stopped paying fast traders to set prices? Oh, you didn’t know? Read on. Off Salt Island in the British Virgins is the wreck of the HMS Rhone, a steamer that sank in an 1867 hurricane.  Even if you’re a snorkeler like me...

July 16, 2014

Movie tip:  Karen and I took our visiting teenaged nephew to see Edge of Tomorrow, starring Tom Cruise. Hysterically entertaining. Appropriate for teens (scary monsters but no gore), and gripping for adults! There was a 1982 movie called The Scarlet Pimpernel (from the 1905 novel...

July 9, 2014

There’s the old joke about camels. They’re horses designed by a committee. Speaking of committees, for the second time in a month, that august federal legislative chamber the US Senate yesterday convened a hearing on markets. Replacing the Senate Permanent Subcomittee on Investigations was the...

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