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
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
Well we all watched in fascinated silence yesterday as some relatively unknown bot armed with knowledge of grade 2 math managed to predict the URL address where the Twitter’s earnings were to remain hidden from public view until the close. Once found, the bot used the tweeter to leak the tweeter’s numbers. Which is the … Continue reading Honey I just took a leak on Twitter
