The Market Structure Map
September 17, 2014
We figured if The President goes there it must be nice. Reality often dashes great expectations but not so with Martha’s Vineyard where we marked our wedding anniversary. From Aquinnah’s white cliffs to windy Katama Beach, through Oak Bluffs (on bikes) to the shingled elegance...
September 10, 2014
Amazed. Dazed. Perhaps needing a drink. Thus shown the faces of investor-relations practitioners at yesterday’s NIRI Southwest Regional Conference as Rajeev Ranjan from the Chicago Federal Reserve Bank put up his final slide and pronounced it a graphical representation of market microstructure. It appeared to...
September 3, 2014
Facebook collaborated with two respected universities to study your emotional responses when shown different kinds of news. Without your knowledge. We learned in June, you might recall, that Cornell, the University of California at San Francisco and Facebook delved into the doings and feelings of...
August 27, 2014
Let’s talk about houses. Let me explain. Twice yesterday I encountered an issue, not a new one though. We were discussing it on a conference call too, preparing for a market-structure session Sept 9 at the NIRI Southwest Regional Conference here in Denver – which...
August 20, 2014
We’ll be listening in the car to a song on satellite radio’s The Pulse, trying to keep current, and I’ll say to Karen, “Do you understand what he’s saying?” You may feel the same way about equity-market rules. Take for instance the Trade-At Rule. No...
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...