Market Structure Insights

February 15, 2012

At Winter Park Sunday scooting off the Panoramic high-speed chair at 12,060 feet and cooking downslope on skis, the trip was anything but algorithmic. No, skimming from summit to the lift slow zone was uniquely and individually exhilarating. But in equity markets, unique exhilaration more...

February 8, 2012

We missed part of the Super Bowl tromping snowshod through a chamber-of-commerce snapshot 3,000 feet above Denver. We’ve tallied 20 inches of grade-A, premium Rockies powder the past five days. Speaking of grade A, have you seen the movie Moneyball? If not, rent it. For...

February 1, 2012

While Florida voted, Morgan Stanley won the Facebook primary. A unit of Thomson Reuters broke word that the big bank will helm a team of other big banks for what in May could be the biggest IPO, raising perhaps $10 billion. We don’t care who...

January 25, 2012

Good to see you folks in Boston last week. But I needed Denver to thaw me out. It was seventy here last Saturday. I washed the car in T-shirt and flip flops. If at first you don’t succeed, try, try again. So it goes at...

January 17, 2012

Despite Denver’s rude throttling by the New England Patriots, I am still bound for Boston to panel at the Wednesday NIRI chapter meeting called “A Day in the Life of a Trade: How Can IROs Know What’s Really Happening?” Hope to see you there! One...

January 10, 2012

At county fairs when I was a kid you could buy a “Shoshoni Weather Gauge,” which hawkers said could forecast the weather like an American Indian. It was a rock tied with a leather strand to a wooden stand. The instructions said: “If rock is...

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