Market Structure Insights

November 28, 2012

It’s good to know what’s around you. En route back from Austin to Denver we traversed the hinterlands including eight miles of dirt track to visit the evocative scene of the 1864 Sand Creek massacre of peaceful Cheyenne and Arapahoe north of Lamar, CO. There’s...

November 21, 2012

We’re in Texas for Thanksgiving and it was 85 degrees yesterday as we idled in heavy I-35 traffic halfway to Fort Worth. I have to share a funny line you might use if your Thanksgiving guests linger long. My step father-in-law said, “As my dad...

November 14, 2012

“Why is our stock underperforming the peer group?” Ever got that question from your CFO or CEO? We hear it too. Speaking of questions, if you’re in Atlanta come throw them at the panel on High Frequency Trading for NIRI’s chapter breakfast, Friday Nov 16...

November 8, 2012

Will markets collapse? We’re a day late this week, steering clear of election bipolarity marked by the vicissitudes of demography and the barest palimpsest of republicanism, a diaphanous echo of Madison and Jefferson and Hamilton, names people now think of as inner city high schools....

October 31, 2012

Boo! What a Halloween week. To our many friends, clients and colleagues on the Atlantic seaboard assailed by Hurricane Sandy, we in Denver are rushing sunshine your direction. Exchanges are hoping for sunshine too as trading resumes. It hinges on opening auctions. That gives us...

October 24, 2012

How do you prove relativity? When Einstein proffered the preposterous suggestion that all motion is relative including time, people clearly had not yet seen Usain Bolt. Or what happens to stocks after options-expirations when the spread between the dollar and equity indexes is at a...

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