Does passive investing have room to grow?

Does passive investing have room to grow?

Volatility finally returned to the market in the first half of 2018, and by all accounts the market structure held up remarkably well.  To date,…

Putting Alternative Data to Work

Putting Alternative Data to Work

Alternative data is becoming a coveted tool for institutional investors seeking alpha. But as many on the buy side can attest, turning a seemingly endless…

Bonds, AI, alternative data and the radio

Bonds, AI, alternative data and the radio

The more things are changing, the more interesting it is to do research.  And thankfully change doesn’t seem to stop coming.  The last decade has…

FX Market Structure, Flash Crashes and Market Making (Bloomberg TV)

FX Market Structure, Flash Crashes and Market Making (Bloomberg TV)

My conversation with Bloomberg TV following the overnight volatility spike of the Pound.  And no, I really don’t want to call it a “flash crash”.

Global FX Investors Increasingly Seek Non-bank Liquidity

Global FX Investors Increasingly Seek Non-bank Liquidity

Below is the press release for my most recent paper examining changes in the global FX market.  The bottom line: big banks will continue to…

Price Makers and Market Makers are Not the Same

Price Makers and Market Makers are Not the Same

My latest Greenwich Research found that investors have seen a decline in dealer sourced liquidity, and that they’re concerned about it. It also found that…

Yellen, Bond Liquidity and Why Sales Traders Matter with Bloomberg TV

Yellen, Bond Liquidity and Why Sales Traders Matter with Bloomberg TV

This was my first time chatting with Betty Liu at Bloomberg TV, which I really enjoyed. We discussed why the Fed shouldn’t hyper focus on…

The non-Liquidity Crisis and Rigged Markets

The non-Liquidity Crisis and Rigged Markets

This week as my first appearance on Bloomberg’s new morning show aptly called <GO>.  Great new set and a fun format.  In these two separate…

Are Fixed Income ETFs Derivatives? My conversation with Bloomberg TV.

Are Fixed Income ETFs Derivatives? My conversation with Bloomberg TV.

Some new research from Greenwich Associates found that institutional use of Fixed Income ETFs is growing. Not surprisingly really, but digging more deeply into why…

Talking Equity Market Structure with Benzinga

Talking Equity Market Structure with Benzinga

Every month or so I have the pleasure of talking with the folks at the Benzinga #Premarket morning show.  The listener base is predominantly retail which…