’twas the night before Christmas, when all throught the market not a bid was unfleeting, as no one would park it the comment letters posted on the website with care in hopes IEX could make equity trading fair The exchange execs were nestled all snug in their beds while visions of direct data fees all … Continue reading Twas the night before baby jesus day – market structure style
having read all the various comment letters on IEX, i am thrilled to see such an engaged debate on the public stage. The two Citadel letters, while laughable self serving, have made for excellent reading. That said, i believe the special POP exemt status given to the IEXS router poises a couple of issues that … Continue reading IEX – the worst POP since Tab lime
having taken on an expanded role at work, and some time consuming charitable activities of late, the old blog has been ignored, like good music at the AMAs or thoughful opinions on the cause of terrorism in American political debate. But the recent polorized debate around the IEX exchange application has been almost as annoying … Continue reading IEX – an attempt at a reasoned view
A very good friend hit me up with an oh so familiar question the other day…”what would you do if a large incumbent exchange gave you the keys to the boardroom and let you run the show”? Easy right? Many of us have spent the last several years playing this game, and acing the exam. … Continue reading When a Monday Morning Quarterback Gets Drafted
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
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
ok, first off shame on you for opening a post with that title. You need help. More seriously, the SEC used the 5th anniversary of the flash crash, and the Sifma conference to announce the approval of the tick study, with trade at. The tick study, because IPOs have disappeared. Oh wait that was the … Continue reading Ten reasons buzzfeed thinks trade at is worse than dinner with the Beibs
