Bloomberg TV: What’s Best for High Frequency Trade Regulation?
On the heels of the Senate hearing into high speed trading, I joined Sal Arnuk from Themis Trading on Bloomberg TV to discuss the best way forward for equity market structure.
Category Archives: In the News
US equity brokers made more money than last year – finally
We’ve just released the results of our benchmark US equities study, based on almost 600 interviews with US equity investors. While Greenwich has been conducting this study for literally decades, this is my first market structure analysis of the data since joining the firm last summer. The report includes the expected critical data points – total… Read More »
Chatting with Bloomberg TV about Cheaters on Wall Street
Bloomberg TV’s Market Maker’s program had a great segment on why people cheat on everything. I was lucky enough to discuss with them the role cheating has on Wall Street – and why high frequency trading is not cheating.
Electronic trading of bonds is growing – sort of…
We all know that the massive reduction in dealer inventories and the cost of capital has had a huge negative impact on liquidity in the corporate bond market. While the primary market has helped soften the blow, that crutch isn’t going to be here for long as rates start to rise over the next few… Read More »
The Economist: Not with a Bang
I talked to an Economist reporter based in Paris on Wednesday (October 2) about what the first day of SEF trading means to the market. I think the key point to note on the quote below is that we’re talking about the day 1 impact. The longer term impact on the the market I believe… Read More »
SEFs are official, now its time for a new trading system
Here at Greenwich we just wrapped up a study looking at how buy side trading desks are spending their technology dollars. On September 26 I presented the findings on a webinar (which I did from a conference room in a hotel in Boston just before moderating a panel on swap futures, in case you care), and… Read More »
SEF Day: A boring October 2 is official, but in 10 seconds or less
Quite a lot of hoop-la on Friday (September 27, 2013) around the October 2 SEF implementation deadline. On that point, the response to my post on the CFTC de-electronifying the market has been mostly positive. And it looks like the CFTC decided to listen to all of us wanting October 2 to go smoothly, providing… Read More »
Validation that Market Structure is Hot
If you thought the world didn’t need more market structure research, you were wrong. Trader’s Magazine did a great job writing up my new role and Greenwich’s plans in the market structure world. They even got some academic backup: Is there room for another player in this crowded field? Yes, said Prof. Larry Harris, a… Read More »
Greenwich: Fixed Income Investors Grapple with New Regulations and Rising Rates
Each year Greenwich conducts a North American Fixed Income study. This year we conducting 1027 interviews of buy side portfolio managers and traders about everything from corporate bonds to agency pass-throughs to interest rate swaps. As I’m new to Greenwich this is my first time really digging into the results, and (although I’m now a… Read More »
Its Conference Season! Let’s Talk About Swap Futures…
Until I became an analyst I didn’t realize there was a conference “season” – but for those of you keeping track, the spring and fall are when most of the good events unfold. I’ll be speaking at a few this fall, the first few of which will be all about swap futures. On September 19th… Read More »