The oh so important close

yeaterday several of my brokers sent me the WSJ article on the growing importance of the closing facility, somehow believing this to be news. One bright Bulb who can’t understand why I won’t trade with him even suggested I wait for the close to do much with my Delta hedging. That of course is a … Continue reading The oh so important close

In defense of Canada

today I managed to watch large portions of the SEC’s market structure advisory committee’s inaugural meeting. So much of it was an exercise soft pushing of each members own business model and commercial interests, but there was one portion of the proceedings that disturbs me more than the rest. That is when the committee late … Continue reading In defense of Canada

Thoughts on the trade through rule

next week the SEC’s market structure advisory committee will hold it’s first official meeting. The meeting will revolve around discussions of the trade through rule. Critics of trade through claim that it creates complexity, facilitates nascent marketplaces that add little value, and amplifies the opportunity for latency arbitrage. Those defending the rule, suggest it is … Continue reading Thoughts on the trade through rule