Market Structure Insights
August 7, 2013
In France we saw Auguste Rodin’s famous sculpture, The Thinker. You know the one? A chiseled fellow (literally and figuratively) pondering in the nude. It’s good to sit down and think (no need to disrobe however). Why are you here? I mean, on an exchange....
July 31, 2013
Where have I been? Somehow, I missed the fun happening in SEC filings for large banks like Morgan Stanley, Goldman Sachs, JP Morgan, Credit Suisse and Deutsche Bank. If you already know what BARES are – Buffered Accelerated Return Equity Securities, of course – goody...
July 24, 2013
Have you seen those Pure Michigan ads? Compelling. Summer in Colorado could be a brand too, as these views of Hanging Lake near Glenwood Springs and Vail at morning last week attest. We seize every chance to savor the high country. Speaking of chance, high-frequency...
July 17, 2013
There’s apparently a reality TV show called “Dating in the Dark.” It must lack the cachet of Survivor or The Bachelor because you don’t hear much about it. The gist is that a number of people of opposite sexes wander around in utter blackness falling...
July 10, 2013
If stocks trade on moving averages, why do high-frequency firms hire math whizzes? Providing some form of answer, Thomson Reuters will cease publishing the University of Michigan’s twice-monthly consumer-confidence survey two seconds early to premium data customers including high-speed traders, following pressure from New York...
July 3, 2013
Bonjour! Ca va? We’re back from touring Provence aboard cycling saddles, weighing heavier on the pedals after warmly embracing regional food and drink. Lavender air, stone-walled villages perched over vineyards, crisp mornings and warm days, endless twilight, chilled Viogniers from small-lot Luberon wineries. If these...