Market Structure Insights

September 26, 2012

The structure of equity markets is like Lance Armstrong: Defining an industry but dogged by accusations. The SEC seems to be in near-continuous investigative mode. Last week the Chicago branch of the nation’s central bank, the Federal Reserve, joined the cooks in the kitchen, including...

September 19, 2012

An ode to erudition in professional sports, these pearls of wisdom overheard on sidelines come thanks to ESPN’s halftime report during the unfortunate demise of our Denver Broncos in Monday Night Football: “If you hadn’ta been where you was, and did what you did, we...

September 12, 2012

We all love soaring markets. When were you last dead sure what drove your stock up? Today, a German court will decide if German taxpayers must back last week’s European Central Bank plan to buy Eurozone debt, which powered US equities to multi-year highs Sept...

September 5, 2012

Volcker would be a great name for a shred-metal band. It seems vaguely gothic and you can picture musicians in leather with guitars and tattoos. Maybe colored hair. Alas, no. The Volcker Rule is no band. But it’s prompting musical chairs that may rock IR....

August 29, 2012

Define irony. Alanis Morrissette called things ironic in song and was criticized for the apparent absence of irony in her verse. So is it ironic, or instead coincidental or paradoxical, that the SEC may consider speeding up information by removing the quiet period around IPOs...

August 22, 2012

The equity market is like Bourbon Street. No, we don’t mean the stock market is home to “Big Daddy’s World Famous Love Acts.” We mean it’s a bit off, a party, somewhat wanton, full of folks in disguise doing things they wouldn’t do anywhere else....

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