High Frequency Needs High Touch
Originally posted on the Greenwich Blog There is a tremendous amount of irony in the path high-frequency trading – excuse me, principal trading firms have taken from their heyday in the late 2000’s....
View ArticleA good user experience still matters to bond investors
Below is the press release from my most recent Greenwich Report on the corporate bond market. As the title implies, the buy side is starting to get used to the way things are – they like all-to-all,...
View ArticleWhat Technology is Doing to Banks
Another fun conversation between Jim Jockle from Numerix and I about what new technology means for banking, how it helps, how it hurts and why relationships still matter.
View ArticleAre Bank Job’s at Risk from Technology?
Only sort of. I spoke to Bloomberg Radio today about predictions from Vikram Pandit that 30% of bank jobs will be taken by robots. Listen in here.
View ArticleAdapting to changes in the bond market (Nasdaq MarketSite interview)
The bond market increasingly goes electronic. How are investors embracing this? Kevin McPartland, Head of Market Structure Research at Greenwich Associates, joins Jill Malandrino at the Nasdaq MarketSite.
View ArticlePutting Alternative Data to Work (Nasdaq TradeTalks Interview)
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 array of data into something useful can be a...
View ArticleMarket Structure Areas to Watch in 2018
Product agnostic investing (you know you want to know), data trumping trading and trying to figure out what digital means in 2018 (didn’t we figure that out in 2002?).
View ArticleRegional Bond Dealers are Embracing Electronification
A discussion about how commercially available real-time trading technology—the type once only available to the largest institutions–is empowering regional dealers to compete with the global banks in...
View ArticleDoes 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, the idea that unexpected market moves would trip up the...
View ArticleQuantimental Investing and Forbes
I’m excited to now be an official contributor for Forbes.com. My posts on Forbes will be an extension of what I do every day – talking about market structure, FinTech and the changing capital markets....
View ArticleWhat Is Market Structure, The Video Version
I was asked to present something interesting to a room full of interns and recent college grads. It was a fun format and I really enjoyed giving this presentation. My ultimately goal: convince them...
View ArticleSix Books To Learn About The Real Wall Street
There is always a story – sometimes interesting, sometimes boring – explaining how we got here and why things are the way they are. In…
View ArticleUnderstanding The US Bond Market
The $41 trillion U.S. bond market allows corporations to grow, governments to finance themselves efficiently, investors to gain fixed returns with lower risk, communities to build infrastructure,…
View ArticleMoney Losing Startups Are Cool Again
Fall is budget season. This is the time when most of corporate America spends countless hours making educated guesses as to how much money they…
View ArticleElectronic Trading Rises With Market Volatility
U.S. Treasury volumes in October hit their highest level since May 2018, with an average daily volume of $554 billion. The equity market’s precipitous decline…
View ArticleSelling Causes Sell Offs; Not High Frequency Trading
Oliver Renick and I had a good discussion about what caused (and didn’t cause) the equity market sell off in October 2018. I’m a market…
View ArticleElectronic Trading In Emerging Markets
I spent the latter part of the summer digging into the state of emerging markets fixed income. The result was research that acts as both…
View ArticleUS Treasury Market Structure Is Definitely Changing
Greenwich Associates just published my recent work examining changes to how US Treasurys are traded. After years of little change, some real disruption now seems…
View ArticleMarket Structure Didn’t Cause Volatility – At Least Not This Time
Treasury Secretary Mnuchin recently blamed high frequency trading and the Volcker Rule for recent volatility in the markets. While I love to see high ranking…
View ArticleA Conversation With Virtu’s CEO, Doug Cifu
On February 7th at 11a New York time I’ll be speaking with Virtu Financial’s CEO Doug Cifu. I’m very excited for the conversation, that will…
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