Market Structure Insights
February 26, 2014
It’s got to stop. Warren Buffett said so. Until the Wall Street Journal’s Scott Patterson broke the story recently, most investor-relations professionals were unaware that Berkshire Hathaway unit Business Wire took fees from high-speed firms in trade for early delivery of news. It provoked outrage...
February 19, 2014
Are you a commuter? Even if not, come along for today’s ride or you’ll miss the story. Imagine that you drove to work by car. You’d have your favored route and your backups. Long ago in California, I commuted daily from the suburb of Roseville to...
February 12, 2014
February 5, 2014
Mayday! That’s the word quarterback Peyton Manning should’ve used Sunday, instead of Omaha! But we congratulate Coach Pete Carroll, a gentleman, and his bruisers from the Puget Sound. Speaking of bruising, earnings season and macro factors collided like particles in an accelerator as January slopped...
January 29, 2014
Omaha! Rather than Nebraska, we’re in Steamboat Springs enjoying spectacular slopes before this weekend’s big game between our Broncos and the Seahawks. Denver quarterback Peyton Manning uses the word “Omaha” to change plays or alert his team to shifting defensive coverage. In football, both defenses...
January 22, 2014
Did you know that auctioneers make bad grocery-store clerks? So argues a GEICO TV commercial – unwittingly teaching a last lesson on high-frequency trading. I’m sure you’re ready to move on! Ever see the movie The Red Violin? It traces a storied musical instrument through...