Market Structure Insights
March 27, 2013
I dare you. Ever say that as a kid? “I’ll give you a dollar if you—” (fill in the blank) Last week the SEC approved a plan by the NASDAQ for sponsors of ETFs trading less than a million shares daily – 93% of ETFs...
March 20, 2013
“I get out and meet investors. Tell the story. The rest is noise.” That’s what an IRO I’ve known since the 1990s said last week over a web meeting about Market Structure Analytics. Speaking of which, we’ll be discussing this notion with two investor-relations officers...
March 13, 2013
Like a billboard reading, “Illiterate? Write for free help,” record demand for VIX futures in a market nearly devoid of volatility seems at best paradoxical and perhaps idiotic. But it’s a touchstone for institutional behavior now. “The VIX” is the Chicago Board Options Exchange’s index...
March 6, 2013
Question: “Would you like more timely information about who owns your shares?” Answer: Yes! Question: “Would you be willing to ask for more timely information?” Answer: Um… Let’s change that “um” to a yes! You know about NIRI’s effort to shorten 13f reporting windows? Read...
February 27, 2013
I got a kick out of that movie, Night at the Museum. Yes, it’s old, and no, we haven’t seen any of the movies that contended alongside Argo for Best Picture this year. But there were several times yesterday as clients reported results in a...
February 20, 2013
Is it diluted? That’s what everybody wants to know about the market. Are gains for broad equity measures, seemingly epic like my skiing Saturday at Copper Mountain, real or watered down? That’s actually not our story this week. But we’re so fascinated by what market...