Whole swaths of stocks moved 3% yesterday. You might thank Dodd-Frank for it, even if David Tepper gets credit (if you heard the Appaloosa Management founder’s interview you know what I mean). To understand how, ever heard of a Rube…
View pageI 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…
View pageDon’t forget to write your letters, folks! Which letters? See last week’s Market Structure Map on prompting the NYSE or the NASDAQ to file a rule for better data. Speaking of rule-filings, here’s an example. Last week ahead of an…
View pageVolcker 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…
View pageIf our stock reverts to the mean, I don’t see that high-frequency trading matters. I’m paraphrasing what many CEOs and CFOs believe. The market is complicated. There’s volatility. Trading is global. ETFs and derivatives probably affect volume. But I’m trading…
View pageSome were forced to do it themselves. In the wake of Knight Capital’s technology glitch – if you missed it, a linchpin in trading markets was nearly undone Aug 1 by faulty trading software – some brokers who normally route…
View page“What happened to our stock?” It remains the question that haunts the dreams of IR professionals. Well, that and whether it’s better to use “via” or “through” in the call script. Looking back through July Sentiment Indicators for clients, which…
View pageThrilling. Arduous. Rewarding. Draining. Spectacular. No, not the Federal Reserve Open Market Committee meeting concluding today with a soliloquy before public microphones from the chairman. We mean our grand cycling adventure riding the Rockies on the high backbone of the…
View pageKaren and I will join the ghost of Billy the Kid and about 3,000 cyclists in New Mexico next weekend for the Santa Fe Century. Weather looks good, winds below gale force. Should be fun! Speaking of gales, JP Morgan…
View pageCongratulations, IR profession! It’s happened. One of our ranks stepped up to the stock-exchange rule-filing plate, planted, and cracked that fastball out of the park. Thank you, Katie Keita, for commenting on the Nasdaq’s proposal for ETF sponsors to pay…
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